Seattle home shoppers are taking it slow this summer, even as for-sale inventory reached its highest levels in 12 months, the latest data from the Northwest Multiple Listing Service (NWMLS) shows.
Closed sales in the city were down 16.5 percent in June year-over-year, while for-sale listings soared 40 percent during the same time period. Seattle’s median home price came in at $859,000, up 3.7 percent from a year ago.
While an ebb in transactions is not unheard of this time of year, the NWMLS data suggest this was less a typical dip into the summer doldrums and more like a belly flop into burnout. Would-be Seattle buyers reached their limit
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