Market Update: Seattle, WA
Seattle’s Seller market continues throughout January 2021 according to the latest statistics from Realogics Sotheby’s International Realty.
Seller conditions continue throughout Seattle with limited listing supply and continuing buyer demand.
With an average of 1 month supply of listing inventory, 56.5% less than January 2020, many homes are selling for an average of 100% of the asking price and spending an average of 45 days on the market. The average sales price is $833,000 for January 20201, a 9.9% increase compared to last year.
Looking specifically at listings $5M+, there was an increase in inventory of 220% in January 2021, compared to January 2020. A total of 28 properties.
Overall, A total of 742 total homes have sold in January 2021, a 21.6% increase from this time last year.