In August, home prices fell moderately from the month before, with a median listing price of $750,000.
The number of listings on the market shrank 6.2% from last month, which is a bigger decrease than normal for this time of the year in Seattle, and homes are also selling slower than at the same time last year.
Home prices in Seattle
Typically, home price per square foot in Seattle tend to fall in August. But the most recent data shows that the price per square foot remained practically unchanged compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Emerald City are outpacing the national market.
Seattle inventory
In August, there were 2,215 homes for sale in Seattle, which was 6.2% less than the month before and 18.2% more than the same time last year.
Meanwhile, active inventory across the nation fell by 0.4% from last month to 1,098,681.
The number of new listings in Seattle was 804, which was 22.2% less than the month before and 3.6% more than the same time last year.
Nationally, the number of new listings fell by 7.5% from last month to 402,268.
Time on market
Homes in Seattle take an average of 49 days to sell, according to August figures.
This is five days more than the previous month and five days more than the same month last year.
For comparison, nationally homes spent an average of 60 days on the market in August.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Seattle, WA.