Facebook
X
Pinterest
Copy Link
As spring draws to a close, our local housing markets continue to show a growing divide. Well-priced, well-prepared homes are selling quickly, and often for at or above asking price, while properties that miss the mark on pricing or presentation are spending more time on the market and seeing price reductions. Buyer activity remains steady despite higher inventory levels, creating a more balanced environment than we’ve seen in years. What makes today’s market particularly interesting is that pricing is no longer moving in the same direction across the region. Seattle continues to post price gains, while Eastside and Snohomish County prices have moderated from recent highs. Inventory is up and demand remains steady, but these dynamics have created a market where strategy and execution matter more than timing alone.
KING COUNTY
In King County, the median residential sold price dipped 1% year over year to $975,000 in May, reflecting a market that remains remarkably stable. Active listings continued to grow, rising 14% year over year and 15% month over month. Pending sales slipped 3% from a year earlier but increased 6% from April, suggesting buyer activity remained healthy as the spring market progressed. The market remained competitive for desirable homes, with roughly half of homes selling at or above asking price. In the condo segment, the median price declined 5% year over year to $540,000, while closed sales fell 20%.
SEATTLE
Seattle delivered one of the strongest performances among our markets in May, with steady sales activity, moderating inventory growth, and continued price appreciation. The median sold price for a single-family home rose 3% year over year to $1,037,500. Active listings continued to expand, though at a more moderate pace than in recent months, increasing 2% from last year and 10% from April. Closed sales climbed 7% year over year, underscoring consistent buyer demand. Homes continued to move quickly, with the majority selling within 30 days and more than half selling at or above asking price. In the condo market, the median price slipped 1% to $566,600 while active listings increased 6%.
EASTSIDE
On the Eastside, inventory and months of supply reached their highest May levels in more than a decade. Even with the increased supply, homes that were appropriately prepared and priced continued to perform well, with more than 40% selling at or above list price. The median residential sold price declined 8% year over year to $1,510,000. Active listings grew 27% from last year, but buyers continued to be selective, contributing to an 8% decline in pending sales. While these figures may suggest a cooling market, demand remains healthy for desirable homes. The Eastside is becoming more balanced rather than weak, giving buyers more options while still rewarding sellers who position their homes strategically. The condo market followed similar pricing and inventory patterns, with the median price falling 9% to $661,500, while active listings rose 17%.
SNOHOMISH COUNTY
While Snohomish County’s May prices stayed near historic highs, appreciation continued to moderate. The median sold price for a single-family home declined 4% year over year to $800,000. At the same time, the market recorded its highest May inventory level in a decade, creating greater competition among sellers. Active listings surged 32% from a year ago, and buyer demand remained resilient, with pending sales increasing 2% year over year. That combination suggests buyers are absorbing some of the new inventory coming online. In the condo segment, the median price rose 1% to $495,000 while active listings climbed 39%.
LOOKING AHEAD
As inventory levels continue to balance the market, buyers are benefiting from more choices and a less frantic market environment than in recent years. At the same time, demand remains strong enough that well-positioned homes are still selling quickly and often at or above asking price. Across our region, the gap between those listings and everything else continues to widen. Success in today’s market is less about trying to time the market and more about understanding local conditions, pricing strategically, and executing a thoughtful plan. Whether you’re buying, selling, or simply evaluating your options, working with a trusted Windermere advisor can help you navigate changing conditions and move forward with confidence.
EASTSIDE
KING COUNTY
SEATTLE
SNOHOMISH COUNTY
VIEW FULL SNOHOMISH COUNTY REPORT
This post originally appeared on GetTheWReport.com.
