Seattle region ranks among metro areas with fewest homes for sale
Seattle buyers have had to compete over a shortage of homes on the market throughout the coronavirus pandemic.
More listings have been added in recent months, but homes have been selling just as fast.
According to a new study from Inspection Support Network, Seattle had the eighth fewest homes for sale among large metro areas across the country. Seattle had about 56 active listings per 10,000 homes, and an average of 4,936 active listings per month, the report said. The number of active listings was down nearly 30% year over year.
"The onset of the COVID-19 pandemic in the late winter and early spring of last year set off a series of whiplashing shifts. Initially, public health concerns and stay-at-home orders brought the market to a halt as buyers and sellers alike held back on transactions," the report said. "But over the course of the year, demand rebounded in dramatic fashion."
https://www.seattlepi.com/realestate/article/Seattle-region-ranks-among-metro-areas-with-16112345.php
Which tends to drive prices up.
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