Industry News

Was September the sign of a bigger market cool down?


By Zosha Millman, SeattlePI

With inventory reaching nearly 2 months of supply combined with a $20,000 decline in the median sales price in King County in September, is it safe to say that the Seattle market is finally beginning to cool down?

According to our Chairman and CEO J. Lennox Scott, “The pressure cooker for the housing market continues as the typical seasonal market comes into play for new listings coming on the market…October will be the best month for selection and availability until late February.”
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