Despite an unpredictable year, one degree of normalcy has returned to Seattle-area home sales: In a dip typical of the winter season, fewer homes were on the market in November and fewer new sellers were listing.
Yet buyers were still eager to purchase homes, and prices all over the region were still up. The median sale price last month in King County was up 10% over November 2019.
The imbalance in supply and demand is deepening the crunch home shoppers have faced all summer and fall.
“It feels as if everyone is looking for the same things,” said Redfin buyers agent Shoshana Godwin.
New listings of homes for sale fell 43% last month in King County compared to October, according to data released Monday by the Northwest Multiple Listing Service. The number of new listings was down 44% in Snohomish County and 35% in Pierce County.
Fewer sales took place, too. The number of…
