Seattle area market collapsing?

I’m in the Puget sound area. We engaged with multiple agents and landed on listing with Redfin as they offered the lowest fees as well as what I felt were the “best” marketing materials (3D scan of the home, daylight and twilight photos, video walkthrough, et c). We priced on the low end of what each is the agents we consulted with generally agreed upon. Our home is relatively new, in excellent condition and shows very well. In the week or se that we have been on the market, we have had almost zero interest in our home other than a small handful of showings and a relatively quiet open house. This weekend we only have a single showing.

I’ve noticed that extremely attractive homes nearby are sitting for 2 weeks or longer with no activity and the ones that sell are selling shockingly low (3,000 sq ft homes with 3 car garages on .5 acres of land selling for 20% what they would have sold for two months ago). I’m also noticing a huge increase in available homes, which compounded with the drop in buyer interest, is making things ugly.

I’m seeing in this sub that some markets are still very hot. But anyone else in the Seattle area noticing anything similar?

submitted by /u/Dickhead_Thanos
[link] [comments]

I’m in the Puget sound area. We engaged with multiple agents and landed on listing with Redfin as they offered the lowest fees as well as what I felt were the “best” marketing materials (3D scan of the home, daylight and twilight photos, video walkthrough, et c). We priced on the low end of what each is the agents we consulted with generally agreed upon. Our home is relatively new, in excellent condition and shows very well. In the week or se that we have been on the market, we have had almost zero interest in our home other than a small handful of showings and a relatively quiet open house. This weekend we only have a single showing. I’ve noticed that extremely attractive homes nearby are sitting for 2 weeks or longer with no activity and the ones that sell are selling shockingly low (3,000 sq ft homes with 3 car garages on .5 acres of land selling for 20% what they would have sold for two months ago). I’m also noticing a huge increase in available homes, which compounded with the drop in buyer interest, is making things ugly. I’m seeing in this sub that some markets are still very hot. But anyone else in the Seattle area noticing anything similar? submitted by /u/Dickhead_Thanos [link] [comments]

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