Seattle’s real estate market is FAST. That means homes sell quick, and when something appears on the market, you can bet it won’t stay there long.
Seattle was the fastest market on Redfin’s latest market report: the average house in Seattle stays on the market only 13 days. In real estate terms, that’s if-you-blink-you-miss-it speeds—nationally, the average house stays on the market for 49 days, or almost four times as long. Looking at it a different way, more than two-thirds (67.6%) of all Seattle houses for sale went under contract (a sale was pending) in less than two weeks. Nationally, just 21.3 percent of homes go under contract in less than two weeks.
This means buyers have to scramble and move quick if they want to stay on top of the market. Gone are the days when you could leisurely flip through listings, schedule a visit on your own time, and have the space for a rational, balanced plan of action. For people unfamiliar with the real estate world, there just simply isn’t enough time to do things the smart, calm way.
This market makes it all the more important to have a real estate agent. We eat and breathe real estate, and although things here move lightning-fast, we’ve been doing this for thirty years. We’re used to it. We know how to find listings as soon as they hit the market, and we immediately scope out those houses that fit our clients’ criteria. As for all the scheduling, inspecting, and paperwork—we take care of all of that. Seattle’s market is the hottest in the nation right now, but with our help, that isn’t a problem.