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Washington

Yo_Mama_Been_Loggin

(108,010 posts) Tue Dec 11, 2018, 04:35 PM Dec 2018

SEATTLE — Prospective home buyers in Seattle as late as last year faced the prospect of entering bidding wars or getting edged out by competitors with cash. That’s not the case anymore.

At one point in 2017, 92 percent of homes sold in the city featured multiple bidders, the Seattle Times reported. Since then, there’s been a cooling of the market.

Just 21 percent of homes sold in Seattle in November had multiple bidders, according to the Redfin real estate brokerage firm. It’s the lowest rate since the firm began tracking in 2011.

Seattle now has the lowest rate of bidding wars among cities tracked by Redfin, the company said.

https://www.heraldnet.com/business/bidding-wars-for-seattle-homes-subside-as-market-cools/?utm_source=DAILY+HERALD&utm_campaign=f70a92c702-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-f70a92c702-228635337