Some Relief for Seattle HomeBuyers, says The Seattle Times

Relief really could be right around the corner for Seattle homebuyers, especially if you’re condo hunting!

Spring saw the highest and second-highest number of pending condo sales in King County in at least three years, according to data released by the Northwest Multiple Listing Service. 

“Two key measures of how much buyers have to choose from — the number of new single-family home listings and the number of listings still active by the end of the month — were both on the rise in April. More homes were newly listed for sale last month in King County and Pierce County than in any month since last July. In Snohomish County, new listings were at their highest level since 2019,” reports The Seattle Times.

Buyers went pending on twice as many sales of Seattle condos in April than at the start of the pandemic in 2020. Pending sales last month were about 23% higher than the same time in 2019. The median Seattle condo last month cost $490,000, up about 4.5% from last year.