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Record number of homes for sale (this year)

By June 6, 2024

Weekly Market Commentary

Some nice weather is on the horizon! Did you see you can rent a waterfront home that just sold for $5m for “only” $8k a month? Or you could buy our old floating home if you wanted to live on the water (let’s be neighbors!).

What’s the market doing? After a slow week for new listings due to the long weekend, new listings bounced back last week and rates have now eased to nearly 7%. The number of homes for sale in Seattle is again at an all-time high for the year and up 29% over last year (graph); expect prices decline in the second half of the year as supply exceeds buyer demand.

Finally, we handed off keys to our 7th buyer at Spire last week!


New listings bounce back

Seattle: 342 new listings last week, up 64% w-o-w
Eastside: 234 new listings last week, up 46% w-o-w

Will buyers return?

Seattle: 159 pending last week, down 35% w-o-w
Eastside: 134 pending last week, down 36% w-o-w

Eye Candy

$1.2m Westlake floating home

$1.8m Denny Blaine midcentury modern by Ira E. Cummings

$1.9m Bainbridge Island redesign by John Cutler

$2.2m Mt. Baker midcentury modern

$3.2m Mercer Island modern

$3.65 Leschi modern with lake views

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

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