Home prices are falling faster in Seattle than in any other major U.S. metro, as buyers there gain the upper hand and sellers are forced to accept reality.
The Pacific Northwest city—where the median home listing price is $776,232—saw a 2.5% annual decline in single-family sales prices in March, according to the latest data from the S&P Cotality Case-Shiller Index data.
“Supply is outpacing demand, but demand hasn’t collapsed. Buyers are still buying. They’re just no longer willing to overpay,” area real estate agent Chris Reis with Pacific Northwest Residences at Compass tells Realtor.com®…