Gobble Gobble, wobble wobble. This was a SLOW week for Seattle real estate.
We saw 40% fewer new listings this week as the previous week, but I am surprised that we had as many new listings this week, considering it was the week of Thanksgiving. 150 home owners decided this was the week to put their home (and condos and townhouses) on the market. The thing that was even more surprising than that was that 122 buyers decided to put in offers on properties this week.
The offer review date continues to dwindle in popularity and sellers eased off of the price drops this week. Overall, a sleepy week. Let’s see if the activity picks back up next week.