Seattle Home Prices Held Above Asking in July. August Is Setting Up to Test That.

Seattle Home Prices Held Above Asking in July. August Is Setting Up to Test That. — Covered deck at twilight on Queen Anne Hill — Elev8 Realty Group at Compass

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.

Seattle’s Spring Market Kept Its Promise. The June Numbers Point to a Slower Summer.

Seattle's Spring Market Kept Its Promise. The June Numbers Point to a Slower Summer. — Seattle skyline at dusk from a Wallingford rooftop — Elev8 Realty Group at Compass

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.