"Price reductions swept through 44.7% of active listings in the Seattle-Tacoma-Bellevue metro during the week ending Nov. 7, 2025, as the region's median list price held at $850,000, nearly double the national median of $435,000. The widespread pricing adjustments signal a recalibration in one of the nation's most expensive housing markets, where sellers are adapting strategies to maintain transaction momentum. Despite the high rate of price cuts, the metro absorbed 652 homes during the week while adding 399 new listings to the market."
"Seattle's housing inventory dynamics reveal a market operating at premium levels across all metrics. The median days on market stands at 63 days, moving 14 days faster than both the Washington state average of 77 days and the national pace of 77 days. The 2.6 months of supply sits below the state's 2.9 months and the national 2.9 months, reinforcing tight inventory conditions despite the elevated pricing."
Seattle-Tacoma-Bellevue median list price held at $850,000, nearly double the national median of $435,000. Price reductions affected 44.7% of active listings during the week ending Nov. 7, 2025, while only 1.6% increased asking prices. The metro absorbed 652 homes and added 399 new listings, leaving 6,472 active listings and roughly 2.6 months of supply. Median days on market are 63, faster than Washington and national averages of 77 days. The relisted rate is 11.7%. Price per square foot reached $410, exceeding the state average of $321 and the national $213, preserving strong price premiums.
#seattle-tacoma-bellevue-housing #price-reductions #inventory-months-of-supply #price-per-square-foot
Read at www.housingwire.com
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