Monthly Seattle and Eastside real estate market updates and momentum analysis from Elev8 Realty Group.
August confirmed at −7.7% on the Market Pulse, the steepest reading since the 2022 correction, with homes closing below asking for the first time this year. The September estimate is still negative but the decline stopped accelerating. Volume 007: the trough, the Jackson Hole shock, and a new NWMLS listing status.
July beat our own leading estimate by three full points, the market was sturdier than the pendings looked. Then the contracts signed in July projected an August Pulse of −6.1%, the worst leading print since 2022, with rates at a twelve month high. Volume 006: the honest half and the hard half.
June confirmed at +0.08% on the Market Pulse, a market standing perfectly still while for those that are selling, velocity quietly hit its fastest month of 2026. Inventory is at a yearly high, the June jobs report cooled hike odds, and the July estimate is the first negative print since January. Volume 005.
May confirmed fast and firm with half of Seattle homes going under contract in under ten days, an average of 27 days on market, and a 101% sold/list price. The June estimate says the slowdown into summer is right on schedule. Volume 004 of the Market Pulse, with the May jobs report and what it did to rate expectations.
Behind every Elev8 Realty Group market report is a single proprietary number — the Market Pulse. Here’s what it measures, how the four-component composite is built, how to read a positive versus negative reading, and why a +2.28% April 2026 reading means something very different than the -4.07% registered in February.
KIRO Newsradio anchor Aaron Granillo interviewed me last week on what’s actually happening in the Puget Sound housing market this spring. A radio segment compresses; below are the key insights I shared, including the K-shaped economy, why some homes sell fast while others sit, and what’s next for spring 2026.
May 4, 2026 · Market Report Two Economies. One Market. Why Seattle Real Estate Won’t Cooperate With the Headlines. As of this week, 92,000 tech workers have been laid off in 2026. That works out to 864 people a day, every day since January 1st. Last week alone, Meta cut 8,000 jobs and Microsoft offered … Read more
