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According to data from Redfin, the average house in Seattle is now selling for 0.6 percent below the listing price, a situation considered normal in many markets across the country. As a comparison to show how quickly things have cooled, homes in May in the area were generally netting 6.3 percent above the asking price. Listing prices have also dropped nearly 7 percent. Homes are now selling in about 17 days as opposed to the 10 days number logged a year ago.

The last time the average home here sold for below list price was during a brief lull at the end of 2014. It’s important to note that Seattle is only dropping back down toward what a normal market looks like. Among the nation’s 50 biggest cities, the average home sells above list price in only five of them.

More signs of the market cooling came Tuesday with the monthly release of the nationwide Case-Shiller home price index – which Seattle had led for nearly two years before being dethroned this summer by Las Vegas.

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