By the Numbers
The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
The median-sales price for an existing home rose 1.3% year over year to $422,800.
Nationally, home sales slid 3.5% year over year but rose 8.6% month over month, RE/MAX said.
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.