A report from the Bellevue Reporter in Washington. "Julia Nordby, office leader of John L. Scott’s Bellevue-Main office, said that in the current market, brokers have had to brush up on handling difficult pricing conversations with sellers, particularly those who want to market the home at a higher price than is warranted by current sales activity."

"'Recent sales activity takes into account more than just the final sales price,' Nordby said. 'It also considers how many buyers were interested in the home. How many offers were there? What was the open house activity? What was the pricing activity? Did the seller start out higher and then go through a round of price reductions?'"

From the Seattle PI. "While news reports extol falling Seattle home prices, and to an extent that is true, Seattle’s condo market bucked the trend in September. The citywide median sales price rose 10.52% year-over-year and 2.1% over the prior month to $515,000. Though, that is not likely to last as we’re moving towards the slow season and inventory is increasing considerably."

"The number of active Seattle condo listings for sale in the MLS increased by 164% over last September to 616 units. To provide some perspective, this is the most units for sale since April of 2012…the condo market had bottomed out in February 2012."

"The number of closed Seattle condo sales dipped to 170 units reflecting a 32.3% year-over-year and 23.4% one-month reduction, respectively. And, with increased inventory, the market will reflect lower prices providing buyers with better purchase opportunities."