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Seattle weekly wrap-up: slowest week of the year for new listings

By November 20, 2023

Market Report

Wow! Last week was a slow one for new listings in Seattle – just 130 new listings hit the market (down 33% week-over-week), making it the slowest week of the year for new listings. However, the coming weeks are sure to be even slower… This week we’ll likely only see 60 new listings, and then we’ll see a small bump before Christmas and New Years.

As for buyers, remarkably, they were busier than sellers putting 141 homes under contract. A reminder that if you want to be in a home for the holidays, or by the end of the year, November and December are typically great months for buyers as sellers are usually willing to negotiate much more than other times of the year; you don’t know if you don’t try.

We’re taking advantage of the slowdown and touring new condos – we got a hardhat tour of First Light and saw their 47th-floor cantilevered pool firsthand (it is wild!) and are working on videos of Mari and Graystone.

Of those new listings, two mid-centuries caught our eye – the first in Shoreline for $700k, the second in Magnolia for $1.3m (which just sold a month ago!) And lastly, a waterfront home in Newport Shores for $6.8m (I love Newport Shores!).

Speaking of the holidays, the Urban Living holiday party is December 2nd! We’re going skating at the Kraken Community Iceplex and have a rink to ourselves with lots of food, drinks, and a skating Santa. So if you’re thinking of working with us next year to buy or sell, we’d be happy to have you join us, just hit reply and I’ll send you an invite!

Have a great Thanksgiving!

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

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