Fall Brings Price Drops To Over 1/3 Of All Area Homes In Past 30 DaysPosted by Cary W Porter on
Over 37% Of Seattle Area Homes Take a Price Drop In Past 30 Days
In King County the number of homes for sale surged up 66% in the past year — and 86 percent just in the city of Seattle — the biggest rise in more than a decade.
Meanwhile, the share of homes with price drops has been posting year-over-year gains consistently since late March. Currently in just the past 30 days starting with September the 26th, 37.2% of Seattle area homes taken a price drop totaling the largest percentage in more than a decade for this statistic as well.
Note: “We define a price drop as a listing price reduction of more than 1 percent and less than 50 percent.”
After years of strong price growth and intense competition for homes, buyers are taking advantage…
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