Eastside stats were a little surprising in that the median price for a Single Family Residence (SFR) increased ~5% to $1.5M, despite a slower market. The median price for a condo decreased 1% to $741,250, which is more what one would expect for December. Seattle’s SFR median price dropped 6% to $914,000 - the lowest since January 2025. The median price of a Seattle condo dropped 3% to $555,000.
As we enter our busy first quarter, I expect inventory and buyer activity to increase significantly, particularly given the recent lower interest rates. Buyers should act quickly and Sellers should be preparing now to take advantage of the Spring market as soon as possible.
Days are getting longer and daffodils are popping up, a sure sign that Spring is around the corner! Consider adding a splash of color to your front porch with pansies.
As always, call me with any questions or for resources – I’m happy to help!
