Seattle's Current Market

Posted on: March 24, 2020

As you can see in the graphs below that reflect 1/2019-current, the market that usually heats up in the spring started earlier this year, in January with buyers eager to buy and inventory low. 

The average days on market is a good indicator of how hot the market is in terms of buyers moving quickly to buy. The average days on market climbed steadily higher as our market adjusted during the last part of 2019. You can see that sharp decline the last few months of 2020 as buyers compete for fewer listings.

​​​​​​​Hand in hand with the average days on market is the number of homes for sale, which as you can see is starting to climb. As in most typical years the market begins to balance toward summer and fall. 

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