According to Seattle online real estate company Redfin, there are only 5,900 Seattle homes listed for sale, which is more than 19 percent fewer than a month earlier. There was also a 25 percent drop in new homes listed for sale in Seattle in the past month, Redfin added.
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Ben Miller
Contributing Editor- Puget Sound Business Journal
If you’re in the market to buy a home in Seattle, you know that things are tight.
According to Seattle online real estate company Redfin Corp., there are currently only 5,900 Seattle homes listed for sale, which is 19 percent fewer homes than were listed a month earlier.
There was also a 25 percent drop in new homes listed for sale in Seattle in the past month compared with the previous month, Redfin added.
That’s creating demand for even mid-priced homes, Redfin said.
One Seattle broker said he had 130 people tour a $350,000 Judkins Park three-bedroom townhome during weekend open houses, and there’s now a pending offer on the home.
“I have never seen so much traffic at an open house,” said Redfin agent Klaus Gosma.
“Inventory in a few metro areas is critically low, which could really sink sales volume in those places unless we see a much-anticipated surge in new listings in the next few months,” Redfin said in a statement.
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