Current Market Data

Seattle is at the forefront of the micro-housing movement

Space constraints are, of course, part of the reason for micro-housing’s meteoric rise in Seattle and many other West Coast hubs, where land for new development is limited and affordability is low.

HomeSmart upgrades yard signs with SmartSigns and SmartRiders

HomeSmart’s yard signs will now have QR codes and NFC (Near Field Communication) tags allowing home shoppers to access property details.

NAR: Staging a home can increase sale price by up to 10%

Homes that are professionally staged not only attract more attention from potential buyers — they also sell faster and for more money, according to data from the National Association of Realtors’® 2025 Profile of Home Staging.  

How long do Seattle buyers save for down payments?

Given Seattle’s median home price of $888,951 and a maximum loan amount of $312,522, homebuyers need a down payment of $576,430 in order to afford monthly mortgage payments.

Price gains slow in NWMLS region as sellers outnumber buyers

The median home sold for $650,000 last month. That’s a negligible increase month over month and a 0.2% decrease year over year.

Cotality: Pace of home-price growth slows in March on economic concerns

Despite the deceleration, the company, formerly known as CoreLogic, expects prices to rise another 4.9% over the next year.

March’s interest-rate slide prompts jump in pending home sales

The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.

The 10 most expensive new listings in Seattle

Many of the priciest new listings this month are waterfront properties, including a $5.7 million home floating in Lake Union and a $4.3 million condo houseboat at Roanoke Reef.

New-home sales climb in March in the face of high mortgage rates

The pace of sales rose 7.4% compared to February, topping analyst estimates by a large margin.

Matthew Gardner’s Q1 2025 market insights

Prominent real estate economist Matthew Gardner shares insights on the first quarter of 2025 — including his takes on tariffs, immigration, brokerage acquisitions, mortgage rates and more.

Married couples in Seattle spend more than half their household salary on homeownership

Given the city’s median annual household income of $208,630 for married couples, they have to spend 52% of their yearly earnings on mortgage payments, property taxes, insurance and other related costs.

New-home construction drops more than expected in March

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

Seattle apartments keep getting smaller and smaller. Do renters care?

The average apartment completed between 2015 and 2024 in Seattle is only 649 square feet. That’s about 57 square feet smaller than units built pre-2015.

The 10 most expensive homes sold in greater Seattle in March

The Seattle suburbs are home to all 10 of the most expensive properties sold last month, led by a $13.1 million estate on Mercer Island.

Millennial homebuyers value quality over space

A majority of millennial home buyers would choose a smaller home if it offered better amenities, according to a new report from National Association of Home Builders.

Zillow: How online listing stats affect the speed of home sales

“Each interaction indicates buyer interest in that home, and listings with higher engagement levels tend to sell faster and at or above the list price,” Zillow Senior Economist Kara Ng explained.

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