The Seattle real estate market has 1426 homes & condos currently listed for sale and a residential housing supply multiple of 0.72 (based on number of homes for sale over the number pending). This multiple is extremely low. When Seattle real estate inventory levels are this low, it's fantastic for sellers but terrible for buyers. Buyers are compelled to act quickly when quality properties are listed and often end up competing with other buyers. The supply multiple is typically closer to about 4.5. The type of real estate in Seattle listed for sale breaks down as follows: 61%-Houses, 30%-Condos and 9%-Land. The Seattle real estate market is very active again. Median home prices have risen 8-10% (depending on how you calculate it) in the last twelve months. The Seattle housing market is the biggest in Washington State, there are often well over 1,000 houses and condos for sale at any given time. Most people shopping for homes in Seattle narrow their search down to a specific neighborhood of interest.