Heidi Mitchell - Seattle Real Estate Professional

Total King County Market at a Glance (Residential & Condos Combined)
• Median Sales Price: $865,000 (Up 1.16% year-over-year).
• Active Listings: 6,961 (A major 13.74% surge in options compared to last year).
• Months of Inventory: 3.36 months (Giving buyers more breathing room and negotiation leverage).
• Market Velocity: Pending sales cooled by 7.91%, showing that buyers are taking their time to evaluate these new options rather than rushing into bidding wars. Although, there still is some multiple offer situations in popular neighborhoods.

Segment Breakdown: Single-Family vs. Condos
• Single-Family Homes (RES Only): Prices remain highly resilient. The countywide median single-family price stands at $975,000.
◦ The Eastside remains the premium driver with a median price of $1,633,500.
◦ Seattle Proper single-family home sales grew by 6.59%, with a median price of $1,010,650.
• Condominiums (CONDO Only): The condo sector is officially a buyer's paradise right now. Total active condo inventory jumped by 13.03%, pushing inventory to 5.54 months. The median condo price adjusted slightly downward by 5.25% to $569,900, presenting great entry points for first-time buyers.

What This Means For You
• If You Are Buying: You finally have choice and time. The combination of an inventory jump (+13.74%) and a drop in interest rates down to 6.48% means you can shop with stronger purchasing power and less frantic competition.
• If You Are Selling: Strategic pricing and premium presentation are key. Buyers are eager but selective. Homes that are prepared beautifully and priced accurately are still selling quickly.