Nationally and around Seattle, the leaves are falling off the trees, and sellers are dropping their listing prices for homes on the market. The Seattle Business Journal notes that 32 percent of sellers had to reduce the listed price when no buyers offered the initial asking price in September. More recent October data indicates that the normal seasonal reduction in sales volume and nearly 1 percent drop in median prices from September may reflect an increase in mortgage rates, but prices are still up 15 percent from 2012.
