Industry News Market Update News

Housing Inventory is up in Seattle

Photo by Claudel Rheault on Unsplash

Sarah Anne Lloyd |

The short version of the story of the past while in Seattle real estate is not just high prices, but extremely low inventory. Fortunately, at least one thing that’s making things harder for buyers and agents alike seems to be changing, according to the latest numbers from the Northwest Multiple Listing Service (NWMLS): The city ended June with more than a month of inventory for the first time since September 2016.

In the Seattle city limits in June 2018, NWMLS saw 1,246 active listings, a 75.5 percent increase from the year before. Seattle ended last month with 1.2 months of inventory—a figure based on number of homes for sale and typical sales time—which is nearly double what the market had the previous year.

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