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Seattle weekly wrap-up: new listings dropped 16%

By July 24, 2022

Market Report

We saw 333 new listings in Seattle last week, a nearly 16% drop from the week before; the summer slow down is here! Meanwhile, buyers put 239 homes under contract, up 7.6% from the week before. Rates ended the week at 5.50% for the 30-year fixed, the lowest we’ve seen since early June. So it feels like we’re starting to settle into a new normal as buyers adjust to generally higher rates and sellers realize the second half of the year is looking a lot different than the first half.

Come join us on the water! Our neighbor is selling their floating home which has a 34′ boat slip, great southern exposure and is on the best dock on the lake :). Or if you’re looking for a trio of cottages on the water, don’t miss this unique opportunity in Magnolia. I also love this waterfront home on Mercer Island.

Midcentury fans, here’s one for $1m in Meadowbrook, or a contemporized one on Mercer Island.

If you’re a loft buyer, it was the busiest week of the year for new loft listings. Here’s a large, dramatic one at Trace Lofts. Or around the corner, a similarly sized two-story one at Monique Lofts. In Belltown will it be a corner unit at 81 Vine, or this one at 66 Bell? Prefer a modern loft? Here’s one at Eastlake Lofts.

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-618-1600