Blog - Seattle Real Estate Agents - Seattle Homes for sale in WA

While the Seattle Real Estate market is slowing down from the feeding frenzy this of this past spring, good homes are still selling. Our Listing on 38th Ave West on Magnolia had an offer accepted this week and very close to asking price after being on the market for just 37 days. When we put this home on the market on May 20, there were only 4 other properties that would be considered competing properties. However, in the past month, there have been about 20 additional properties listed for sale in the $1,000,000 to $2,000,000 price range with only 4 properties including ours selling. Right now the average days on market for this price range on Magnolia is 84 days. In March it would have been 30 days. Inventories have increased dramatically over the past month and sales have not kept up with the new inventory, a sure sign of a slowing real estate market. But the really good houses that are priced correctly are selling even in the over 1 million price ranges. We are also starting to see an increase in inventories in all price ranges in the city neighborhoods with the occasional multiple offer happening. It looks like the Seattle Real Estate Market is getting a bit more Buyer friendly but don't expect any major price drops.