A Seattle Slowdown?
There’s been hints that Seattle’s strong, seller centric, housing market is softening. Inventory has been rising for several months, the absorbtion rate while still low has been increasing and homes have been sitting on the market longer. Another sign, which I’m starting to see more frequently, or in this case hear, are listing agents calling for feedback.
When the market was stronger and multiple bids were common one would rarely ever hear from a listing agent about feedback. Now, they’re calling the next day after a showing. And, is not just resales. The sales team at a condo converstion project calls me weekly to see if I have any buyers for them.