The Eastside closed December with a 3% year-over-year decrease in the median residential sold price, settling at $1,500,000. Closed sales activity showed renewed momentum, rising 29% compared to last year. Inventory continued to be the most pronounced shift in the Eastside market, with active listings 65% higher year over year, creating more balanced conditions than buyers experienced last winter. The Eastside condo market also posted gains, with the median price up 7% year over year to $741,250, alongside a 29% increase in active listings.
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Sales activity in Seattle softened at year-end, with closed sales down 10% year over year and declining further from November, as expected during the holiday season. Active listings were 28% higher than last December, contributing to a more balanced market environment. Pricing held relatively steady amid these shifts, with the median residential sold price up 2% year over year to $914,000. Seattle’s condo market also saw modest gains, with the median price rising 1% year over year to $555,000, while active listings grew 14%.
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