The Market Update report is compiled from statistics from the NWMLS’ InfoSparks using data from City: Seattle and Area 705 Ballard/Greenlake. December is typically the slowest sales month of the year with the least amount of closings, so no surprises there. Almost all categories were down across the board, including active listings, sold homes and months of inventory. Days on market in Seattle continues to creep up, now at 38 days for Seattle and 33 days for Ballard.
Recently, interest rates have been trending down, against market predictions, so that should bring more buyers to the market as we start to ramp up again in January.
As always, please reach out to us if you have any real estate questions. If you’re thinking about selling your home, visit our Home Sellers page to see our services.