🏠 Rates Hit a Monthly Low Ahead of The May Inventory Surge
Here is What You Need to Know This Week
Rate Relief: Mortgage rates have hit a 4-week low, offering buyers some welcome relief. Can we get back to 6% in time for May?
The May Surge: Things are momentarily quiet as local schools wrap up spring break, but don’t let the lull fool you. We anticipate a 25%+ increase in new listings come May.
The Park Row Premium: Park Row, the only high-rise condo on the horizon, is guiding west-facing units between $2,500–$4,000/sq. ft. For context, while Avenue penthouses hit $3,000 per square foot back in 2024, the broader market has rarely seen closings above $2,000/sq. ft. since then. We have tons of info on Park Row. Hit reply if you want the download. Sales start soon.
The Seller’s Clock: We are officially in the "peak" of the season. Sellers looking to capture the highest volume of buyer activity have about 2 months left to get in front of buyers.
On the Move: Our Recent Wins
It’s been a busy few weeks helping our clients navigate everything from international relocations to Airbnb deep dives.
Strategic Win in the Central District: We scored a wide townhome for our client, swooping in just as they were doing a price drop.
New to the Neighborhood: After just two weeks of touring Seattle’s diverse pockets, we found the perfect Queen Anne condo with stunning views for a client relocating to the city.
The Virtual Investor: We’re helping an out-of-state client, managing all virtual inspections and local logistics for their investor in an Airbnb.
Still Available: Our Central District home with an amazing $100K backyard is still looking for its match! Reach out for details or a private tour.
🍿 Our Latest YouTube Video
🏠 Listings that caught our eye last week
- Most expensive pending: Woodinville estate at $4.9M
- Highest % over asking sale: Vashon cabin for 36% over
- Most expensive sale: West Bellevue craftsman for $4.5M
- Least expensive sale: LQA co-op for $210K
- Most popular Seattle listing on Redfin: Montlake craftsman for $1.15M
📰 Must-read real estate news
- Final 46 homes hit the market at Snoqualmie Ridge (PSBJ)
- Historic Seattle office building acquired, with plans for artist lofts (PSBJ)
- Where different generations cluster across Seattle neighborhoods (Seattle Times)
Three more weeks until new listings skyrocket?
Seattle: 363 new listings last week, up 1.4% w-o-w
Eastside: 271 new listings last week, up 12% w-o-w
Seattle Buyer Activity Hits 2026 Peak
Seattle: 216 pending last week, up 13.1%% w-o-w
Eastside: 126 pending last week, up 6.8% w-o-w
🔥 The hottest new listings
$3.3M Edmunds midcentury modern
$2.1M Mercer Island midcentury modern
$1.8M Queen Anne northwest modern
Check out last week’s market update, Market Update: Surges While Prices Cooling?
And don’t miss our next update, sign up for our weekly newsletter.
More like this
”
🏠 A Nobu re-brand hits Bellevue + the calm before the listing storm
Late-breaking news just as I was about to hit send! Avenue Bellevue, the $1B two-tower condo development with 365 units, is officially rebranding as Nobu Residences (per the PSBJ). On top of the rebranding, they’ve officially landed Nobu as their anchor 10,000-square-foot restaurant, which is slated to open next year. To say this project has […]
Matt Goyer
May 28, 2026
”
🏠 Tale of Two Markets: 27 Offers vs. Zero Showings?
The Frenzy vs. The Freeze The divide between single-family homes in hot neighborhoods and the condo market is wider than ever right now: Our own active listings reflect this exact market split. We are seeing fast action on our homes and townhouses, but we’re struggling to get buyers into our condo listings. Rate Watch: 6.75% […]
Matt Goyer
May 21, 2026
”
🏠8-9 Months of Supply vs. $4,000/sq ft: The Great Condo Divide
Last week, we focused on single-family homes, but this week, condos take center stage. Before we dive into the data, I want to address a concern I’ve heard from several buyers this week: “Did I miss my chance for this season?” If past cycles are any indication, the answer is a resounding no. Historically, some […]
Matt Goyer
May 14, 2026
