While these statistics are a good example of what is going on in the Seattle real estate market, it should be pointed out that there are other well priced homes available for purchase - even if they are on the market for more than 10 days. For example, this (click link) Mount Baker home is priced nearly $40,000 less than what the house a few doors down just sold for two months ago. Both homes are nicely finished with the same amount of bedrooms. In fact, the house still currently for sale has more bathrooms than the house that sold.
So if you a buyer looking for a home to purchase, you should get your ducks in a row to be ready for the next great house that is listed, get to know the market so you know a great house when you see it, and do not forget the homes that are already on the market - there are fantastic homes already available.
Statistics not compiled or published by the Northwest Multiple Listing Service.