Seattle & Eastside Market Reports

Two Eastside cities tipped into buyer's-market territory

Woodinville (30 days to pending) and Newcastle (32 days) are the first buyer's markets we have tracked since February, while Sammamish and Seattle both slipped from seller's to balanced. Homes took longer to sell in 13 of 18 cities in August, and only Mercer Island got faster.

Sammamish cooled harder than anywhere else on the Eastside

median time to pending jumped from 13 days to 21, homes closed at 97.3% of list (the lowest of all 18 cities), and the median sale price came in at $1.49M against $1.61M in July's window.

Home value declines are losing steam

Zillow's index still fell month-over-month in 15 of 18 cities, but the average monthly drop shrank from 0.46% in July to 0.16% in August, and Mercer Island (+0.4%), Edmonds (+0.2%) and Newcastle (+0.1%) posted the first monthly gains any city has shown since February.