Eastside Market Updates
Phil James tracks Eastside housing market conditions week by week — absorption rates, inventory, and what it means for buyers and sellers across Kirkland, Bellevue, Bothell, and Redmond.
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Phil James Realtor®John L. Scott Real Estate | Bellevue MainWeek of May 23, 2026
This Spring Is Running
Ahead of Last YearAcross Kirkland, Bellevue, Bothell, and Redmond, buyers are committing quickly. The pace is meaningfully faster than it was at this same point in 2025 — and the gap is not marginal.
Eastside Absorption Rate44.0%4-week rolling avg · vs. 36.5% same period 2025Year-Over-Year Difference+7.5Percentage points ahead of late May 2025Most Active Price Range$750K–1.5MStrong first-week activity all springWhat I’m Watching This Week
The Eastside is absorbing new listings at a higher rate than it was at this same point last year, and the gap is meaningful, not marginal. Across Kirkland, Bellevue, Bothell, and Redmond, buyers are committing quickly, and the $750K to $1.5M range has seen particularly strong first-week activity throughout the spring.
What I track week to week is how quickly new listings go pending, and that pace on the Eastside is running roughly seven to eight percentage points above where it stood in late May 2025. Last spring felt competitive. This spring is running ahead of it.
What This Means for You
What I keep coming back to this week:“The Eastside is running nearly eight percentage points ahead of where it was at this same point last year. Last spring felt competitive. This spring is running ahead of it.”
PJPhil JamesRealtor® · John L. Scott Real Estate · Bellevue MainQuestions about what this means for your specific situation? I’m happy to talk.
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Phil James Realtor®John L. Scott Real Estate — Bellevue MainWeek of May 16, 2026
What I’m Seeing
in the Eastside and Seattle Markets This WeekMore listings are hitting the Eastside market than at this same point last year, giving buyers more to choose from. Seattle is moving in the opposite direction, with inventory down from spring 2025. Here’s what both of those numbers mean right now.
Eastside: Week 1 Absorption20.63%Week ending May 8 · 320 listings takenSeattle: Week 1 Absorption30.70%Week ending May 8 · 355 listings takenNew Listings This Week352 / 382Eastside +4.5% · Seattle -10% vs same week 20258-Week Trend: New Listings Under Contract in Week One
Percentage of new resale listings going under contract within the first 7 days. A higher number means buyers are acting faster and sellers have more urgency on their side.
EastsideWeek 1 absorption is holding in the low-to-mid 20s, reflecting an Eastside that has more inventory than last spring but a buyer pool that isn’t expanding at the same rate. Well-priced, well-prepared homes are still moving in week one. The ones that aren’t are starting to sit.
SeattleSeattle is holding in the 30 to 34% band consistently, and inventory this week is actually running about 10% lighter than this same point in 2025. That combination, steady buyer demand and fewer listings to compete with, keeps Seattle at a meaningfully different pace than the Eastside.
Eastside by Price | Where Buyers Are Moving Fastest
Week 1 absorption by price tier, week ending April 24. The dashed line shows the current Eastside Week 1 average as of May 8. This tells you where buyer competition is concentrated and where it has eased.
April 2026 Monthly Snapshot: Eastside
Price Range New Apr Listings Pending Active (May 1) Months Supply 30-Day Pending % Market Rating Under $500K 121 55 272 4.9 23.4% Selective $500K–$750K 138 57 202 3.5 27.4% Healthy $750K–$1M 160 75 213 2.8 37.7% Strong $1M–$1.5M 327 144 356 2.5 43.3% Strong $1.5M–$2M 265 101 308 3.0 47.3% Very Strong $2M–$3M 198 79 267 3.4 31.4% Healthy $3M+ 145 35 243 6.9 23.1% Selective All Prices 1,354 546 1,861 3.4 36.3% Strong What This Means for You
If You’re Thinking About SellingMore inventory on the Eastside means buyers are comparing more options, which raises the bar for first impressions and pricing accuracy. A home that stands out on preparation and positioning still moves. One that doesn’t gives buyers a reason to wait. In Seattle, you have the advantage of lighter supply and steady demand, which is a favorable combination for sellers in the $750K to $1.5M range right now.
If You’re Thinking About BuyingThe Eastside is offering more options than last spring, and the pace gives you room to be deliberate. Well-priced homes are still moving in week one, so being ready still matters, but the frenzy that made thoughtful decision-making nearly impossible has eased. Seattle requires a faster read, particularly in the $750K to $1.5M range, where buyer activity has been consistently strong all spring.
What I keep coming back to this week:“More listings on the Eastside and fewer in Seattle is creating two very different experiences depending on which side of the bridge you’re looking. On the Eastside, buyers have options and time to think. In Seattle, sellers have the edge. The question for each side is the same: are you prepared to act when the right situation presents itself?”
PJPhil JamesRealtor® · John L. Scott Real Estate · Bellevue MainIf you have questions about what this data means for your specific situation, whether you’re thinking about selling, buying, or just want to know where things stand, reach out. There’s no obligation. Just a real conversation.
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Phil James Realtor®John L. Scott Real Estate — Bellevue MainWeek of May 9, 2026
What I’m Seeing
in the Eastside Market This WeekNew listings on the Eastside came in almost exactly even with this same week last year. But the rate at which homes are going pending has slowed noticeably from spring 2025. Seattle is telling a different story. Here’s what that split means right now.
Eastside: Week 1 Absorption20.63%Week ending May 8 · 320 listingsSeattle: Week 1 Absorption30.70%Week ending May 8 · 355 listingsEastside Hottest Segment$1M–1.5M29.49% under contract in 7 days8-Week Trend: New Listings Under Contract in Week One
Percentage of new resale listings going under contract within the first 7 days. A higher number means buyers are acting faster and sellers have more urgency on their side.
EastsideWeek 1 absorption dropped to 20.63% this week, down from 28.08% at this same point in 2025. That’s a meaningful shift. Supply came in essentially flat year-over-year, but the pace of buyer response has slowed. Sellers can’t rely on urgency alone the way they could a year ago.
SeattleSeattle is holding notably steady at 30.70% this week, slightly ahead of where it was at this same point in 2025. Buyer demand in Seattle has proven more resilient than the Eastside as spring inventory builds.
Eastside by Price | Where Buyers Are Moving Fastest
Week 1 absorption by price tier, week ending April 24. The dashed line shows the current Eastside Week 1 rate as of May 8. This tells you where buyer competition is concentrated and where it has eased.
April 2026 Monthly Snapshot: Eastside
Price Range New Apr Listings Pending Active (May 1) Months Supply 30-Day Pending % Market Rating Under $500K 121 55 272 4.9 23.4% Selective $500K–$750K 138 57 202 3.5 27.4% Healthy $750K–$1M 160 75 213 2.8 37.7% Strong $1M–$1.5M 327 144 356 2.5 43.3% Strong $1.5M–$2M 265 101 308 3.0 47.3% Very Strong $2M–$3M 198 79 267 3.4 31.4% Healthy $3M+ 145 35 243 6.9 23.1% Selective All Prices 1,354 546 1,861 3.4 36.3% Strong What This Means for You
If You’re Thinking About SellingThe days of a listing generating multiple offers simply by hitting the market are fading on the Eastside. Week 1 absorption is running about 7 points below where it was a year ago, which means buyers have more time and more options. Homes in the $1M to $1.5M range are still the most active segment. The opportunity is there, but it requires sharper preparation and pricing from the start. A home that would have moved regardless of condition in 2024 now needs to earn its offer.
If You’re Thinking About BuyingThere is more breathing room on the Eastside than there was at this point last year. Fewer situations where you need to decide in 48 hours with no contingencies. The pace has slowed enough to allow for deliberate decision-making, which is a meaningful change from recent springs. Seattle is a different read, still moving at a healthy clip. But on the Eastside, buyers are in a better position than they have been in some time.
What I keep coming back to this week:“The Eastside and Seattle are moving at different speeds right now. Seattle is holding pace with last spring. The Eastside has slowed from where it was a year ago, and that difference matters. It means sellers on the Eastside need to work harder for the same result. And it means buyers on the Eastside have more room to be thoughtful about what they’re committing to.”
PJPhil JamesRealtor® · John L. Scott Real Estate · Bellevue MainIf you have questions about what this data means for your specific situation, whether you’re thinking about selling, buying, or just want to know where things stand, reach out. There’s no obligation. Just a real conversation.
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Phil James Realtor®John L. Scott Real Estate | Bellevue MainWeek of May 2, 2026
What I’m Seeing
in the Eastside Market This WeekThe $1M to $1.5M range is the most competitive segment on the Eastside right now. Nearly 4 in 10 listings are going under contract in the first week. Meanwhile, overall inventory has risen 50% from last year. Here’s what that combination actually means for buyers and sellers right now.
Eastside: Week 1 Absorption25.6%Week ending Apr 24 · 340 listingsSeattle: Week 1 Absorption31.9%Week ending Apr 24 · 345 listingsEastside Hottest Segment$1M–1.5M39.2% under contract in 7 days · 79 listings8-Week Trend: New Listings Under Contract in Week One
Percentage of new resale listings going under contract within the first 7 days. A higher number means buyers are acting faster and sellers have more urgency on their side.
EastsideHolding in the low-to-mid 20s since late March, down from the high-30s we saw in January and February. Spring inventory is expanding faster than buyer urgency, creating slightly more breathing room for buyers above $1.5M.
SeattleRemarkably consistent in the 30-34% band across the full 8 weeks. Buyer demand in Seattle is steady and does not seem to move much with week-to-week inventory changes the way the Eastside does.
Eastside by Price | Where Buyers Are Moving Fastest
Week 1 absorption by price tier, week ending April 24. The dashed line shows the Eastside overall average. This tells you where buyer competition is concentrated and where it has eased.
April 2026 Monthly Snapshot: Eastside
Price Range New Apr Listings Pending Active (May 1) Months Supply 30-Day Pending % Market Rating Under $500K 121 55 272 4.9 23.4% Selective $500K–$750K 138 57 202 3.5 27.4% Healthy $750K–$1M 160 75 213 2.8 37.7% Strong $1M–$1.5M 327 144 356 2.5 43.3% Strong $1.5M–$2M 265 101 308 3.0 47.3% Very Strong $2M–$3M 198 79 267 3.4 31.4% Healthy $3M+ 145 35 243 6.9 23.1% Selective All Prices 1,354 546 1,861 3.4 36.3% Strong What This Means for You
If You’re Thinking About SellingThe $1M to $1.5M range is moving faster than anything else on the Eastside right now. Nearly 4 in 10 listings in that tier are going under contract in the first week. If your home falls there, the buyer pool is active and motivated. That said, the overall inventory picture has shifted. Buyers have more choices than they did a year ago, which means your preparation and pricing need to be right from the start. A well-presented home in this range does not sit.
If You’re Thinking About BuyingThere is more breathing room in 2026 than there was last spring. Active inventory on the Eastside is up 50% from this time last year. Above $2M, you have meaningful leverage; 6.9 months of supply in the $3M+ range means there is room to negotiate. The middle tiers ($1M to $2M) are still competitive, but not the all-out scramble of 2024. If you have been waiting for the pace to settle a bit, this spring is a reasonable time to engage.
What I keep coming back to this week:“Seattle and the Eastside are telling two different stories right now. Seattle is holding steady. The Eastside has cooled relative to last spring, not dramatically, but enough that sellers in the mid-range benefit most from getting the presentation right from day one. The buyers are there. The question is whether the home gives them a reason to move quickly.”
PJPhil JamesRealtor® | John L. Scott Real Estate | Bellevue MainIf you have questions about what this data means for your specific situation, whether you’re thinking about selling, buying, or just want to know where things stand, reach out. There’s no obligation. Just a real conversation.

The current pace rewards preparation. Well-priced, condition-ready homes are moving quickly across the Eastside, and the spring window for strong results is still open. Getting the work done now, before the summer slowdown, matters.
This week brought a healthy wave of new inventory across every market. More options are available now than at any point this spring, and the additional supply gives you real choices — but well-priced homes are still moving fast. The window to act is shorter than it was in 2025.