🏠 15% of new listings are already gone
We’re starting to see the first real data points for the 2026 market. Two weeks in, the “lock-in effect” may be thawing. We’re seeing a noticeable bump in new listings compared to this time last year (see charts below). Interestingly, while inventory is up, buyer demand is holding steady, even with rates hovering just over 6% vs 7% a year ago.
The Early Numbers:
- New Listings: 851 have hit the market so far in King County
- Pending Ratio: About 15% of those are already under contract (though keep in mind, some of these “new” listings are year-end re-lists).
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Noteworthy deals last week
- Most expensive pending: $5.8M Bellevue new construction
- Highest % over asking sale: Kirkland rambler for 17% over
- Most expensive sale: Hunts Point waterfront for $17.37M
- Least expensive sale: Lake City condo for $150K
- Most popular Seattle listing on Redfin: Whittier Heights rambler at $995K (already pending)
Links
- U-Haul ranking shows WA is bucking the trend (Seattle Times)
- Why Seattle-area homebuyers can’t ‘make the deal work’ (Seattle Times)
- What was your experience buying or selling a Seattle-area home in 2025? (Seattle Times)
- Trump wants to bar Wall St. investors from buying single-family homes (NYT)
- Microsoft exec responds to mass layoff rumors (Seattle Times)
- Crow Woods co-housing: a model for Seattle middle housing (DJC)
- Why Microsoft is reversing its office space exodus (Seattle Times)
- Hunts Point estate fetches $17.4M in first major luxury sale of 2026 (PSBJ)
- Seattle housing demand reached decade low in 2025, but here’s why this year may be different (PSBJ)
New listings by week
Seattle: 285 new listings last week, up 247% w-o-w
Eastside: 168 new listings last week, up 354% w-o-w
Homes going pending by week
Seattle: 100 pending last week, up 37% w-o-w
Eastside: 58 pending last week, down up 45% w-o-w
Eye candy
$3.25M Portage Bay floating home by Lithic Construction
$1.6M Queen Anne modern (already pending!)
Check out last week’s market update, 6.2% vs. 7%: Will it move the needle?
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