The priciest new listing in Seattle returns to the market after selling last August for $6 million.

The year-over-year increase of 6.1% is the greatest since June 2021, according to the association. 

On a monthly basis, however, home sales were down 20.4%, RE/MAX said. 

More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.

According to a report from CashNetUSA, renters in Mercer Island (specifically, the 98040 ZIP code) only need to spend 19.17% of their annual income on rent.

Seattle is the 17th-priciest rental market in the country, according to Zumper’s November National Rent Report.

Despite the new record in September, the rate of increase continues to slow. 

The increase follows two months of declines, the National Association of REALTORS® said. 

Brokers from Windermere Real Estate branches are the listing agents for half of the top 10 most expensive new listings in Seattle.

Multifamily construction, meanwhile, rose on a monthly basis. 

Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.      

The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs. 

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Sales slid 1% compared to August, the National Association of REALTORS® said. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

October’s increase comes as inflation slows and mortgage rates decline.