The year started with promise, then rates climbed back to about 7.5%. September left Seattle and the Eastside with the most homes for sale since 2011, sales near 20-year lows, and prices that have eased but not broken. Here’s the data, plus what it means for buyers and sellers.
Turnkey living at the Carlton: fresh interiors, mountain views, and an 84 Walk Score in the heart of Mercer Island.
King County sales fell 14% in August. Mortgage rates are back above 7%. What it all means.
Classic 1906 Craftsman in Tangletown with original details, three bedrooms upstairs, central A/C, a sweet backyard, and Green Lake just blocks away.
A clear look at 2026 housing market predictions from Realtor.com, Redfin, Zillow, and Compass—rates, prices, sales, and what it means locally.
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.
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.
After two years in Colorado, we've decided it's time to return to the Pacific Northwest. We're thrilled to be back.
Leaving Colorado is bittersweet.
Bitter because we’re leaving some of the most important people in our lives—cousins and grandparents, new friends and old ones. And of course, the skiing. 😭
Sweet because Seattle is home. We’ve missed so many of the friends and family we left behind.
Mortgage interest rates fell in November and have hovered around 6.5% for several weeks now. The rate volatility we experienced during the fall has subsided for now, and recent housing data suggests we may be close to finding a bottom for the floundering housing market, which went into shock this spring when rates rose from all-time lows.
The housing market is struggling to find its footing as high home prices collide with rising mortgage rates. As of today, the rate on a 30-year mortgage is above 7% after starting 2022 at 3.4%.
The supply of homes for sale is lower than any time on record, suggesting 2022 will be another hot year for real estate values. The problem is an imbalance between supply and demand that has no quick fix.
Each year, Bryan and I reflect on the stories we watched unfold in the lives of our clients. Moves are huge. Individuals and families uprooting, trying new neighborhoods, cities, states, countries. We feel honored to be part of your stories and it is Bryan's and my goal to make your home purchase or sale a bright spot along the way.
Halloween decor and wind storms are a clear sign that the 2021 home-selling season is coming to a close. Expect to see fewer listings each week now until the new year. Nevertheless, competition remains fierce for homebuyers in Seattle. Our recent West Seattle listing attracted 15 offers and a big price escalation. Buyers are out there in force and I expect 2022 to see the same pent-up demand we've been seeing for years. This will result in higher home prices next year, even if interest rates rise slightly (more on rates below).
