We see fewer total houses and condos for sale for the third consecutive week in Seattle. Our pending numbers are up when compared to 2018, and we are seeing fewer new listings coming on the market this week.
We are still seeing a good percentage of the available properties for sale linger on the market. Of all the condos currently for sale, 45% of them have been on the market for over 60 days, and 37% of the houses and townhouses for sale also have market times exceeding 60 days. About half of the new houses that hit the market are quickly scooped up by active buyers, while the other half are sitting on the market, seeing longer days to sell than we have seen in over 5 years.