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Hey there—fall’s here, and the Seattle market’s finally catching its breath. After a sharp summer cooldown, prices have leveled off. September closed with a median home price of $975,000, up 4% year-over-year but still well below June’s peak. Inventory is holding steady around two months, the highest fall supply we’ve seen since 2018. That means buyers finally have breathing room, and sellers are having to meet the market head-on. Well-priced homes still move fast, but the rest? They’re sitting longer and often selling after a price cut. For sellers, precision matters more than optimism. For buyers, patience is starting to pay off—and if rates ease toward 6%, that window of leverage could narrow quickly.
Always here to help you read the market, not chase it. — Erik
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