For the four-week period ending January 27, the median days on market for homes sold in the San Jose metro area was 45 days, up from just 12 days a year earlier. In Seattle it was 47 days, up from 15 a year prior, and Portland, Oregon hit 50 days, up from 28 a year ago.
45 days is still a sellers market
In Seattle, sales were unchanged year-over-year, and inventory was up 168% year-over-year from very low levels . This is another market with inventory increasing sharply year-over-year, but months-of-supply in Seattle is still on the low side at 2.4 months.
I got a friend in Seattle. He told me the market there is not that good, he is in real estate investing, one of my clients.