More Listings, More Choice

Phil James Realtor®
John L. Scott Real Estate — Bellevue Main
Week of May 16, 2026

What I’m Seeing
in the Eastside and Seattle Markets This Week

More 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 Absorption
20.63%
Week ending May 8 · 320 listings taken
Seattle: Week 1 Absorption
30.70%
Week ending May 8 · 355 listings taken
New Listings This Week
352 / 382
Eastside +4.5% · Seattle -10% vs same week 2025

8-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.

Eastside

Week 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.

Seattle

Seattle 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 RangeNew Apr ListingsPendingActive (May 1)Months Supply30-Day Pending %Market Rating
Under $500K121552724.923.4%Selective
$500K–$750K138572023.527.4%Healthy
$750K–$1M160752132.837.7%Strong
$1M–$1.5M3271443562.543.3%Strong
$1.5M–$2M2651013083.047.3%Very Strong
$2M–$3M198792673.431.4%Healthy
$3M+145352436.923.1%Selective
All Prices1,3545461,8613.436.3%Strong

What This Means for You

If You’re Thinking About Selling

More 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 Buying

The 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?”

PJ
Phil James
Realtor® · John L. Scott Real Estate · Bellevue Main

If 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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