Seattle Inventory Surges but Buyers Still Move Fast

Seattle's active home listings rose 20.6% year-over-year to 11,644, giving buyers more negotiating power. New listings increased only 0.7%, with inventory growth mainly due to homes staying longer on the market. The median list price fell 2.0% to $783,250, still 82% above the national median. Price reductions affected 21.2% of listings, and median days on market rose to 37, indicating a slower but still competitive market.