There were 69 homes available for sale at the end of November, which was down 34.3% over the previous month and down 22.5% from the previous year. 55 transactions closed during the month which was down 32.1% compared to October and another 75 units were placed under contract.
The average days on market in November increased slightly to 30 and sellers received 99% of their original asking price.
Inventory levels stayed consistent between October and November at 1.3 months of inventory, making Seattle a seller’s market for the last 24 consecutive months.
If you have any questions about the current state of Seattle’s real estate market, regardless of neighborhood, please don’t hesitate to reach out – we’re happy to help!