September 2021 highlights
Seattle and the Eastside both saw typical September trends with the market adjusting for a post-peak decrease in activity.
- More listings in Seattle, but not more competition for buyers. In Seattle, 23% more single family homes were listed than in August as sellers tried to get ahead of the fall slowdown. This bump in September inventory is typical for years prior to 2020. Homes continued to sell in a median of only six days, but at a 5% lower median price and at a flat sale-to-list price ratio.
- The Eastside settled into its slower season. On the Eastside, 21% fewer single family homes were listed than in August. An August/September decrease in inventory is typical on the Eastside, so this change isn’t unexpected. While median list price rose 8% month over month, median sale price dropped 2%. Homes continued to sell at a quick median of 5 days. Despite a 1% increase in sale-to-list price ratio likely caused by a few standout homes, competition for buyers stayed about steady.
- Condo sales on the Eastside were more active than single family home sales. Condos on the Eastside stayed on the market for a median of 8 days, down 11% from August, indicating that there is urgency among buyers. 13% fewer condos were listed month over month and median sale price rose 7%, likely due to decreased inventory.
See previous months’ highlights
Competition report
Our research team analyzed the competition in select local areas.
Sale price
List price
Sale price compared to list price
Days on market
Number of properties listed
Number of properties pending sale
Seattle includes data for the city of Seattle.
Eastside includes data for Redmond, Bellevue, and Kirkland.
