Facebook
X
Pinterest
Copy Link
Halfway through the spring season, and the story across our four markets is one of transition. Conditions look different than they did just 12 months ago: more homes are on the market, prices have pulled back from their peaks, and buyer-seller dynamics are quietly shifting. The opportunity is real on both sides, but geopolitical and economic uncertainty has potential buyers staying close to the sidelines, and affordability overall remains a compounding concern for many.
KING COUNTY
King County found a degree of balance in April, though fragile. The median residential sold price came in at $960K, down roughly 2% from March and 7% below where it was a year ago. On the supply side, active listings surged 37% year over year, but buyer demand didn’t keep pace. Pending sales edged down 2% and closed sales slipped 1%, suggesting buyers are taking more time and being more selective as their options expand. For the homes that did sell, 81% sold within 30 days and 32% closed above asking, signs that well-positioned homes are still moving quickly. King County’s condo market tells a similar story: the median price fell 7% year over year to $539K as active listings grew 19%.
SEATTLE
In April, Seattle remained one of the more competitive markets in the region, though the landscape is gradually shifting. The median sold price of a single-family home was $998,899 in April, down 3% from $1,025,000 a year ago. Despite the softening prices, 38% of homes still sold above asking, indicating that well-priced listings continued to attract strong interest. Active listings climbed 28% year over year, giving buyers considerably more options than they’ve had in recent years. That leverage is showing up in behavior: buyers are looking with more discerning eyes, and pending sales declined 3% year over year as a result. Though, closed sales held steady from April 2025, pointing to a market that is slower to start but still completing transactions. The condo market echoed these trends, with prices dipping 4% to $575K and active listings rising 10%.
EASTSIDE
The Eastside continued to navigate a meaningful market reset in April. Active listings soared 51% year over year, pushing inventory to nearly three months, the highest level of monthly supply the market has seen in over a decade. Buyers now have real choice, and they are using it. Last month, 44% of homes sold at or above list price, a striking contrast to 73% just one year ago. Much like Seattle’s market, that shift in leverage reflects a buyer pool that is much more deliberate in decision-making. As such, closed sales fell 13% year over year in April and pending sales dropped 2%. The median residential sold price settled at $1,612,000, down 5% from a year ago. The condo market followed suit, with the median sold price dropping 7% to $700K while active listings grew 28%. For sellers across the Eastside, pricing and presentation have never mattered more.
SNOHOMISH COUNTY
In Snohomish County, the year-over-year median sold price of a single-family home was essentially flat in April, sitting at $799,992. But stability at the price level is masking significant movement underneath. Active listings surged 56% year over year, flooding the market with options at a pace buyers have not absorbed. Closed sales fell 15% year over year, and while 31% of homes still closed above asking, 26% required a price reduction before selling. This combination is another signal that proper positioning is key in today’s market. For condos, the median price declined 5% year over year to $490K, while inventory jumped 65%, the sharpest supply increase for our four regions in April.
The window of opportunity is open for those ready to act. Buyers who have been waiting for more choices and better positioning now have both. Sellers who approach this moment with the right pricing and preparation are still winning. Whether the current momentum continues through peak season will likely depend on how consumer confidence and interest rates influence buyer engagement. In a market shaped by high inventory and affordability concerns, a Windermere advisor can provide the industry insights and local expertise you need to make confident real estate decisions.
