Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different.  Please contact us for a report on your local area if you're thinking of buying or selling.

Seattle Real Estate Market: 

Median Listing Price in Seattle: $698,000
Price Per Sqft in Seattle: $517, a decrease of -4% compared last year
Median Rent per Month in Seattle: $2,800

Nearby Cities: 
Medina Median Listing Price: $2,500,000
Mercer Island Median Listing Price: $1,422,500
Shoreline Median Listing Price: $560,000
Burien Median Listing Price: $499,975
Lake Forest Park Median Listing Price: $650,000
Tukwila Median Listing Price: $295,000
Kenmore Median Listing Price: $661,250
Kirkland Median Listing Price: $710,000

Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.

© Seattle Homes Group

Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different.  Please contact us for a report on your local area if you're thinking of buying or selling.

Seattle Real Estate Market: 

Median Listing Price in Seattle: $698,000
Price Per Sqft in Seattle: $517, a decrease of -4% compared last year
Median Rent per Month in Seattle: $2,800

Nearby Cities: 
Medina Median Listing Price: $2,450,000
Mercer Island Median Listing Price: $1,393,000
Shoreline Median Listing Price: $560,000
Burien Median Listing Price: $500,103
Lake Forest Park Median Listing Price: $663,500
Tukwila Median Listing Price: $300,000
Kenmore Median Listing Price: $675,000
Kirkland Median Listing Price: $735,000

Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.

© Seattle Homes Group

Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different.  Please contact us for a report on your local area if you're thinking of buying or selling.

Seattle Real Estate Market: 

Median Listing Price in Seattle: $675,000
Price Per Sqft in Seattle: $507, a decrease of -5% compared last year
Median Rent per Month in Seattle: $2,700

Nearby Cities: 
Medina Median Listing Price: $2,395,915
Mercer Island Median Listing Price: $1,388,000
Shoreline Median Listing Price: $560,000
Burien Median Listing Price: $450,000
Lake Forest Park Median Listing Price: $638,000
Tukwila Median Listing Price: $310,750
Kenmore Median Listing Price: $657,500
Kirkland Median Listing Price: $704,500

Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.

© Seattle Homes Group

Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different.  Please contact us for a report on your local area if you're thinking of buying or selling.

Seattle Real Estate Market: 

Median Listing Price in Seattle: $675,000
Price Per Sqft in Seattle: $507, a decrease of -5% compared last year
Median Rent per Month in Seattle: $2,700

Nearby Cities: 
Medina Median Listing Price: $2,395,915
Mercer Island Median Listing Price: $1,388,000
Shoreline Median Listing Price: $560,000
Burien Median Listing Price: $450,000
Lake Forest Park Median Listing Price: $638,000
Tukwila Median Listing Price: $310,750
Kenmore Median Listing Price: $657,500
Kirkland Median Listing Price: $704,500

Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.

© Seattle Homes Group

Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different.  Please contact us for a report on your local area if you're thinking of buying or selling.

Seattle Real Estate Market: 

Median Listing Price in Seattle: $675,000
Price Per Sqft in Seattle: $507, a decrease of -5% compared last year
Median Rent per Month in Seattle: $2,700

Nearby Cities: 
Medina Median Listing Price: $2,395,915
Mercer Island Median Listing Price: $1,388,000
Shoreline Median Listing Price: $560,000
Burien Median Listing Price: $450,000
Lake Forest Park Median Listing Price: $638,000
Tukwila Median Listing Price: $310,750
Kenmore Median Listing Price: $657,500
Kirkland Median Listing Price: $704,500

Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.

© Seattle Homes Group

Test. I hate test. Nobody said there was going to be a test.

Active MLS Listing: https://www.seattlehome.com/property/1371980/

Live on the lake. Walk to Kirkland parks, shops & restaurants!

Entertain in luxurious open spaces with sweeping views of the waterfront and the Olympics.

Relax with waves lapping the shore, breathtaking sunsets, and the Seattle city night lights.

This 2/2 is a high-end modern remodel from interior to exterior. Picnic beachside, host cocktails on the dock, or cruise the lake with friends.

Choices abound in this high sophistication, low-maintenance home. 2 secure parking, storage, moorage possible

Active MLS Listing: https://www.seattlehome.com/property/1371980/

Contact: Sam DeBord 206-658-3225 sam@seattlehome.com

The Seattle real estate market may finally be in for a shift. We've had more new listings in King County this May than we've seen in a decade. 

The media will catch up with this story as the monthly reports come out in the coming weeks, but this may be the leading edge indicator that we're in for a shift in Seattle real estate. Inventory has been seriously constricted for many years, with new listings not keeping up with buyer demand.

  >  See today's new listings in Greater Seattle  <  

New Listings in King County, Month By Month, via NWMLS

May's 5,552 new King County listings constitute a 14.3 percent jump over the 4,857 homes listed in June of 2017 (May and June are usually the highest listing months of the year). These new listings provide a small measure of breathing room for home buyers who've been battling an extremely competitive market.

New Single Family Home (Residential) Listings in King County, Month By Month, via NWMLS

We haven't seen this many new listings hit the market in the Seattle area since May of 2008 when 5,497 new listings came on the market. To be clear, this new inventory in no way creates a balanced or even reasonable market inventory. The Seattle area continues to struggle with regulation and zoning issues that disincentivize new home construction within the metropolitan area.

New Condo Listings in King County, Month By Month, via NWMLS

Population growth, job growth, lack of transit infrastructure, and lack of dense housing near transit hubs and employment centers continue to be issues that cause many of the issues that the greater Seattle region is facing today. To address affordability issues, traffic, environmental concerns, and quality of life issues, state and local policymakers must make housing issues a priority in the short term.

This potential shift in the Seattle real estate market may be a step in the right direction for local inventory woes, but much more must be done to plan for the smart growth that the region needs to continue its economic success.

Statistics via Northwest MLS. This information was not authored or published by the NWMLS.

Sam DeBord | 206.658.3225 | sam (at) seattlehome.com
VP of Strategic Growth | Coldwell Banker Danforth
Past President | Seattle King County REALTORS

  >  See today's new listings in Greater Seattle  <  

A very special NW contemporary home in Shorewood/West Seattle. This beautiful view home features natural wood everywhere you look. Walls are cedar and circular stairway to lower level is wood as well. Decking that wraps around the home. Gated entry to this very private home in the trees gives you the feeling of living in the forest, yet you're only 20 minutes away from downtown and the airport. Set up to accommodate separate living quarters or enjoy the entire space for yourself. 3+ bedrooms.

Get the full details on the listing here:

http://www.seattlehome.com/property/1295891/

Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different.  Please contact us for a report on your local area if you're thinking of buying or selling.

Seattle Real Estate Market: 

Median Listing Price in Seattle: $725,000
Price Per Sqft in Seattle: $465
Median Closing Price: $761,000

Nearby Neighborhoods: 
Alki Point Median Listing Price: $799,000
Ballard Median Listing Price: $795,000
Belltown Median Listing Price: $899,000
Broadway Median Listing Price: $695,000
Capitol Hill Median Listing Price: $848,000
Delridge Median Listing Price: $550,000
East Queen Anne Median Listing Price: $847,000
Greenwood Median Listing Price: $675,000
Laurelhurst Median Listing Price: $2,160,000
Lawton Park Median Listing Price: $849,800
Lower Queen Anne Median Listing Price: $569,000
Magnolia Median Listing Price: $1,098,000
North Admiral Median Listing Price: $799,800
Queen Anne Median Listing Price: $895,000
Wallingford Median Listing Price: $939,000

Nearby Cities: 
Auburn Median Listing Price: $399,999
Bellevue Median Listing Price: $998,000
Burien Median Listing Price: $499,950
Des Moines Median Listing Price: $424,900
Kent Median Listing Price: $409,950
Kirkland Median Listing Price: $887,750
Lake Forest Park Median Listing Price: $769,900
Normandy Park Median Listing Price: $725,000
Portland Median Listing Price: $475,000
Renton Median Listing Price: $499,000
Seatac Median Listing Price: $365,000
Shoreline Median Listing Price: $615,000
Tacoma Median Listing Price: $299,950
Tukwila Median Listing Price: $350,000

Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.

© Seattle Homes Group