As of mid-July, the Seattle and Eastside markets are seeing a shift: more inventory is hitting the market, but demand hasn’t kept up. That means buyers have more options—and sellers are facing increased competition.
Inventory Is Up, Sales Are Slowing
Across King County:
Active listings rose to 6,575 homes (up 4.6% from last month)
Sold listings dropped 22% year-over-year
Pending sales dropped 18.7% year-over-year
Looking specifically at last week (July 6–12), the declines were even sharper:
Seattle: Sales down 29.7%, pendings down 11.9%
Eastside: Sales down 27.5%, pendings down 4.9%
Despite this slowdown in transactions, active inventory is still growing: Seattle added 4.9% more listings week over week, and Eastside added 5.1%.
How Long Are Homes Taking to Sell?
Homes are still moving fairly quickly:
|
Area |
Days on Market | Median List Price | Median Sale Price |
|---|---|---|---|
| Seattle | 25 days | $765K | $864K |
| Eastside | 21 days | $1.5M | $1.35M |
| King Co. | 26 days | $875K | $843K |
Days on market remain low, especially on the Eastside, which continues to be the most competitive part of King County. Median prices are holding firm—even in a cooler sales environment—suggesting sellers are holding their line for now.
What This Means for You
If you're buying:
Now is a good time to explore—there are more listings than we've seen in months, and fewer bidding wars.
If you're selling:
Expect longer market times and tighter negotiation. Price right, and prep your home carefully.
If you're investing:
Track neighborhoods where inventory is rising but price reductions are still rare—Seattle and Eastside remain high-demand zones, but timing and leverage matter more than ever.
The market is moving, but not panicking. Buyers are getting a bit more breathing room, and sellers need to be strategic. If you want help interpreting these trends or exploring a new opportunity, we’re here to help.
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