The market’s in its awkward stage

The market’s in its awkward stage

Seattle’s housing market is cooling but not crashing. September data shows more homes hitting the market and a slight dip in prices, signaling a return to balance after years of wild swings. The median single-family home price in Seattle fell to $975,000, down 7% since June but still up about 2% year-over-year. Overall, the Seattle real estate market is finding its footing. After several years of extreme ups and downs, we’re seeing the early signs of a healthy, sustainable recovery.

Down, down, down 📉

Down, down, down  📉

Seattle’s housing market cooled in August as prices, inventory, and mortgage rates all dipped while homes took longer to sell. The median King County home price came in at $992,500, still up 2% year-over-year despite the month-to-month slowdown. Active listings totaled 4,113, 39% higher than last year, while average days on market rose from 10 to 14. Mortgage rates briefly fell to 6.1% before rising again after the Fed’s rate cut, highlighting how closely housing costs follow the 10-year Treasury. Seasonal shifts are in play, but Seattle’s housing market remains competitive and active heading into fall.

West Seattle mid-century rambler

West Seattle mid-century rambler

This light-filled 3-bedroom home combines mid-century character with thoughtful updates. Highlights include vaulted ceilings, original cabinetry, quartz kitchen counters, stainless appliances, gas cooking, and a cozy fireplace. Recent upgrades—Andersen windows, newer furnace, and water heater—add peace of mind. Efficient layout, clever storage, and west-facing windows make it feel bigger than the square footage. Pre-inspected.