Seattle Real Estate May MarketThe Northwest Multiple Listing Service, in which Seattle trends closely, is seeing a noticeable shift with more homes hitting the market than we've seen in recent years. In May, total active listings surpassed 18,000 for the first time since 2018. The good news is this gives homebuyers more choices and potentially less competitive pressure. Home prices are essential even from a year ago, with a decline of less than 1% from last year. The NWMLS median sale's price in May was $654,995 compared to $660,000 last May. In addition, King County, where Seattle real estate is located, the median sales price was $865,000 versus $875,000 the previous year. The amount of NWMLS sales dipped 3.3% compared to last year, but increased 9.9% over April. Nevertheless, the sa...
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