Seattle homes selling for 5% above asking price, among tops in the US
Seattle-area homes have sold for 5.3% above asking price on average over the four weeks ending March 14, according to a new Redfin report. The premium was the third-highest rate in the U.S., following only Austin, Texas, and San Jose, California.
The 5.3% average is up from 1.2% above asking price a year earlier, according to the real estate brokerage. The 4.1-point year-over-year change was the second-biggest jump in the country, following only Austin.
Nationwide, homes sold for 100% of the asking price on average during the four-week period ending March 14, while they sold for 1.8% below asking price on average a year earlier. The report said the 100% mark is an all-time high since Redfin started tracking this data in 2016.
Homes in Austin went for 7.1% over asking price, according to the report, the highest mark in the country. San Jose came in second with 5.5%, just barely higher than Seattle's 5.3% mark. Austin saw an 8-point year-over-year jump, as homes sold for 0.9% below the asking price during the same period last year.
https://www.bizjournals.com/seattle/news/2021/03/24/seattle-homes-redfin-premium.html