Seattle Housing Market Update | July 2026

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Condos: Buyers Finally Have Some Leverage

If there was one housing type where buyers clearly gained negotiating power during June, it was condos.

This probably shouldn't surprise anyone.

Seattle's condo market includes everything from downtown high-rise luxury units to neighborhood condominium communities scattered throughout the city.

With nearly 1,200 active condo listings available, buyers simply don't need to rush and have some really great options.

Properties took longer to sell than most other housing types, and sellers who closed transactions generally accepted larger discounts from their original asking prices than sellers in other market segments.

right now, patience appears to favor buyers.

Townhomes: Quietly One Of Seattle's More Stable Markets

Seattle townhomes continue to occupy their own lane.

Considering how many townhome developments exist throughout Seattle, seeing this segment remain relatively balanced was honestly somewhat surprising.

Homes generally sold within a few weeks, sellers negotiated very little from their original asking prices, and buyer activity remained fairly steady.

It feels stable.

And in a city as diverse as Seattle, stable may actually be impressive.

Residential Resale Market By Price Point

These price ranges are based on residential resale data only, and the showing numbers are based on closed properties. Active listings on the market may be having a different experience.

Under $699K

Seattle's entry-level resale market remained very active during June.

The homes that successfully sold spent a median of 12 days on the market, and sellers generally accepted only about 0.5% less than their original asking prices.

What I found particularly interesting was the showing activity.

The homes that sold in this price range averaged a median of 8 buyer showings before going under contract.

Obviously, every property is different, and there are active listings currently on the market experiencing something completely different. But looking at the homes that actually made it to the closing table, buyers were still actively touring and competing for well-positioned entry-level properties.

$700K to $849K

This is where Seattle really started to catch my attention.

The homes that sold in this price range typically went under contract in just 6 days, while sellers generally received their full asking prices.

Even more interesting, these sold properties had a median of 11 buyers walkthrough before these homes went pending.

To me, this suggests buyers weren't rushing into purchases. They were looking at multiple options and then moving quickly once they found the right home.

In a city with over 3,000 active listings, that's actually a pretty telling statistic.

$850K to $1.049M

This range behaved very similarly.

Homes sold in a median of 6 days, sellers generally received their full asking prices, and sellers saw a median of 12 buyers before these properties went under contract.

That showing count is what stands out to me.

Buyers didn't disappear in Seattle.

If anything, they appear to be doing more comparison shopping than ever before.

They're touring more homes, becoming more selective, and then moving quickly once they identify the property they want.

That's a very different market than one where buyers simply stop buying.

$1.049M–$1.349M

This one surprised me.

Not only did homes sell in a median of 6 days while receiving full asking price, but there were actually more pending sales than active listings available during the month.

The homes that sold saw a median of 11 buyer showings before going under contract.

Again, this isn't necessarily telling us that buyers are competing with every property they see.

It's telling us that when sellers present the right home at the right price, buyers are still showing up.

And apparently, they're showing up quickly.

 

$1.35M+

This price range may have surprised me more than any other segment in Seattle.

When I first pulled the data, I honestly expected to see much more inventory. After all, this is Seattle. We're talking about a city with over 3,000 active listings spanning neighborhoods like Queen Anne, Madison Park, Laurelhurst, Magnolia, West Seattle, Green Lake, and many others.

Yet there were only 70 active residential resale listings over $1.35 million available during June.

And despite that relatively small inventory pool, the performance was hard to ignore.

The homes that sold spent a median of just 7 days on the market, sellers generally received 100% of their original asking price, and the median sold property saw about 10 buyer showings before going under contract.

Perhaps even more importantly, this wasn't based on just a handful of sales. There were 50 closed transactions, which provides a pretty meaningful amount of data to look at.

Now, obviously, this category encompasses a huge variety of homes and neighborhoods throughout Seattle. But from a broader market perspective, the residential resale luxury segment appears to be performing exceptionally well.

In a month where Seattle saw 659 cancelled and expired listings, that's a statistic that's pretty hard to ignore.

 

 

Market Summary

If I had to describe Seattle's housing market in one sentence, it would probably be this:

Seattle buyers are still buying. They're just saying no a lot more often.

They're saying no to overpriced homes.

They're saying no to properties that don't compete well.

They're saying no to listings that don't feel worth the asking price.

But when buyers find the right property?

They're still moving quickly.

They're still competing.

And they're still paying.

Perhaps that's why I found those 659 cancelled and expired listings so interesting.

Because they tell us that in Seattle, success isn't determined by whether buyers exist.

It's determined by whether buyers believe your particular home deserves their attention.

And in a city with over 3,000 active listings, that may be the most important market trend of all.

Curious How These Numbers Apply to Your Situation?

Whether you're thinking about buying, selling, downsizing, relocating, or simply keeping an eye on your home's value, feel free to reach out.

I'm always happy to help you understand how the data applies to your specific situation.

Brandice Raybourn
Coldwell Banker Danforth
Sno-King Real Estate Broker
brandice@snohomesbybrandice.com

425-367-3881

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