The chief economist for the National Association of REALTORS® also predicts home prices will climb 4% compared to 2025. 

A $25 million waterfront estate on Mercer Island was the most expensive home sold in greater Seattle in October.

Nationwide, the median price for a single-family home increased 1.7% year over year to $426,800. Prices increased by the same annual rate during the second quarter.

Half of the 10 most expensive new listings in Seattle were listed by Windermere Real Estate agents — including the top three, led by a $7.7 million mansion with mountain views.

Given the rate of sales, the nation had a 4.6-month housing supply, up from 4.2 months a year prior.

Nationally, home sales in the 52 metro areas surveyed by RE/MAX increased 8.5% year over year for the fourth time in 2025, but declined 4.6% month over month.

Modern architecture is a prominent theme on this month’s list of the 10 most expensive homes sold in greater Seattle.

The pace of home sales, meanwhile, remained at “multi-decade lows” even as affordability reached its most favorable level since 2022.

The pace of home-price appreciation declined to its weakest pace in 10 years, according to the S&P Cotality Case-Shiller U.S. National Home Price Index. 

Homes on this month’s list of the priciest new properties on the Seattle housing market range from mid-century modern to new-construction.

The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022. 

Fannie Mae also reduced its forecasts for home sales in 2025 and 2026. 

The decline in sales came as a 17-month run of year-over-year increases in new listings came to a close.

The move was widely anticipated and is expected to be followed by additional cuts this year. 

Across the region, rentership increased in 37 of Seattle’s 66 largest suburbs from 2018 to 2023.

The jump in mortgage activity was driven in large part by refinancings, which surged 58% in the week ended Sept. 12.