Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

With mortgage rates at their lowest level since March 2023 — 6.35% as of Aug. 29 — the Seattle area showed increases in active listings, new listings and pending sales during August, according to the NWMLS’ monthly Market Snapshot.

Greater Seattle’s median home price has increased 8.6% from last year.

Although transaction volume is low, the rental market is “beginning to show more signs of life,” according to new research from Kidder Matthews’ multi-family team, which cited increased liquidity.

Housing inventory reached its highest level since the pandemic in July, according to Realtor.com’s July Monthly Housing Markets Trends Report. 

Seattle ranked No. 12 among major metro areas, with more than 12,800 apartments expected to be completed in 2024. 

Home sales rose 5.9% year over year across the Northwest region in July, with 6,615 total sales. Meanwhile, inventory increased 37.7%, with 15,122 total active listings that month, according to the monthly Market Snapshot from NWMLS.

The lawsuit criticizes NAR’s new rules in the wake of its legal settlement.

There are some nuances in NAR’s new rules that are important to know for buyer’s brokers, seller’s brokers or their clients.  

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

“I’m endlessly fascinated by the housing market, and I love to find new ways to explain why market trends matter,” said Tucker.

This month’s roundup of the 10 most expensive new listings in Seattle includes two houseboats — one in Portage Bay and the other on Lake Union.

Among the top Seattle-area award winners was Toll Brothers, which won Best Single-Family Detached Home for its Dewberry Plan at Centre Cottages in Kirkland.

Rents in different neighborhoods and areas within the Seattle metro are growing (or slowing) at their own paces.

Simon Property Group recently broke ground on a 234-unit, mixed-use development at Northgate Station.

Seattle King County REALTORS® announced the results of its recent election, in which members voted to select the association’s 2025 Board of Directors.