Seattle Real Estate Cooling Off? | May Market Update | RE radar

What really happened in Seattle’s housing market this May? In this month’s RE radar, I break down key trends in both residential and condo sales — including why prices are slipping, pending sales are shifting, and why even with a flood of new listings, closed transactions are still way down.

 

We’ll talk about:

🏠 Median price drops from April to May

📉 28% fewer closed sales compared to 12-year average

📈 Listings climbing, but buyer demand stalling

📊 Condo prices continue to fall month over month

💸 Why older buildings and special assessments may be scaring buyers off

If you're trying to make sense of Seattle’s ever-shifting housing market, this update will help you feel a little more grounded.  Questions? Drop me a message — I'm always happy to help.

 

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