Tara Simpson Real Estate

After a slower start to the year, Seattle’s housing market picked up in February. The median residential sold price reached $962,500, a 13% increase from January and nearly unchanged from last year. The strong month-over-month jump points to increased buyer activity, and with it, rising competition. Seventy-one percent of homes went under contract within 30 days, and 35% sold above asking price. Reach out to discuss the best strategy for achieving your real estate goals in today’s market.

December typically brings a seasonal lull in market activity, and Seattle was no exception. Last month, the median sold price for a single-family home fell 6% from November to $914,000. Price reductions were needed to close over half of all home sales. Let’s chat about how to navigate today’s real estate landscape!

The start of the holiday season did little to ease buyer competition in Seattle, with 71% of homes selling in 30 days or less. November’s median price for a single-family home was $973,500, relatively flat compared to last year but down 7% from October, likely reflecting typical year-end market slowing. Ready to explore what these trends mean for your real estate goals? Reach out to have a chat!