Despite elevated interest rates, buyers and sellers in the Seattle housing market are “adjusting” to the new norm.

Seattle ranked No. 5 in the country, behind Fremont, California; Overland Park, Kansas; Irvine, California; and Plano, Texas.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.

At the same time, the median price of a new home sold in April declined as well. 

Ewing & Clark agents Betsy Terry and Jane Powers are responsible for the two most expensive new listings in Seattle.

Seattle has the fourth-highest home sale prices in the U.S., according to the latest RE/MAX National Housing Report.

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a new Redfin report.  As of May 15, the typical 30-year fixed mortgage rate was 6.99%, down from

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Despite year-over-year increases in interest rates last month, the housing market in the NWMLS region saw a 10% increase in closed sales, according to the organization’s latest market update.

Greater Seattle’s housing supply increased by 9.8% year over year in March — however, that only amounted to a 0.6-month supply, well below the six or so months seen in a balanced market.

The priciest new listing in Seattle is a waterfront property with views of the Cascades.

Monthly home payments hit new records last month reaching an all-time high of $2,747, an 11% increase from last year.

Seattle is the top city in the country to move to after college graduation, thanks to factors like a thriving STEM industry, ample green spaces and high incomes.

Low inventory continues to fuel competition among area buyers, according to the latest market update from the Northwest Multiple Listing Service.

By the age of 30, Gen Z renters in Seattle will have spent $205,534 on rent, according to a new study from RentCafe.