Homebuilder sentiment recently reached its third-lowest level since 2012. 

The Puget Sound area’s most expensive home sales last month were located in Clyde Hill, Bellevue and Washington Park.

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool. 

Potential buyers of the second- and third-most expensive new listings in Seattle would be neighbors, living on the same waterfront street.

The 6.3% month-over-month decline was the steepest the U.S. market has seen since September 2022. 

In Seattle, home prices jumped 4.15% year over year and 1.78% month over month in March. 

Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said. 

A $12.5 million home on Hunts Point tops the list of the most expensive Seattle-area home sales last month.

The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs. 

The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty. 

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.  

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.

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

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

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.