In November, home prices fell moderately from the month before, with a median listing price of $759,250.
The number of listings on the market shrank 11.0% from last month, which is a smaller decrease than normal for this time of the year in Seattle, and homes are also selling faster than at the same time last year.
Home prices in Seattle
Typically, home price per square foot in Seattle tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.2% 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 smaller the national market.
Seattle inventory
In November, there were 2,095 homes for sale in Seattle, which was 11.0% less than the month before and 23.2% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in Seattle was 524, which was 41.9% less than the month before and 0.8% more than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in Seattle take an average of 52 days to sell, according to November figures.
This is 12 days more than the previous month and four days less than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
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.