Seattle Homes Selling Over Asking Price in Five Days

October 13, 2015

It’s currently a seller’s market in Seattle. “Low inventory means buyers must be ready to act on new listings right away,” MarketWatch reports.

In fact, as the temperature cools down in fall, home sales are getting hotter than they were in the summer, and housing analysts see no signs of slowing down. Heating up the market is buyer competition and the lack of available properties for sale, making bidding wars commonplace.

The median price for homes in the city is $551,000, a 10.4 percent increase year-over-year. Though prices in this Pacific Northwest city are relatively high in the nation, it is still significantly less expensive than New York, Los Angeles, and San Francisco.

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