-
New normal? Seattle housing market shows signs of seasonal cooldown although inventory remains tight
Seattle’s booming housing market continued to show minuscule signs of a seasonal slowdown last month, providing little, if any, relief to buyers according to Zillow’s latest market report which examined nationwide housing trends in October. The seasonal reprieve in the hot housing market began in September as prices began to stabilize from last year’s record gains. For the Seattle metro, the new report found the typical home value was $695,058 in October, up 21.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} — or $124,712 — compared to the same time last year. The report also showed that home value appreciation has slowed since September and continued to slightly ease last month. However, for-sale inventory remains historically low,…