Seattle: Steady, Active, and Moving



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

Week of May 23, 2026

Seattle: Steady,
Active, and Moving

Seattle is holding in line with where it was at this same point last year. Supply is healthy, buyers are engaged, and there’s slightly more room to move than in some surrounding markets. Here’s what I’m seeing.

Seattle Absorption Rate
43.8%
4-week rolling avg · vs. 43.9% same period 2025

Year-Over-Year
Flat
Stable and consistent with last spring’s pace

New Listings This Week
1,607
Across all 9 regional markets · week ending May 22

What I’m Watching This Week

Seattle is holding steady, essentially in line with where it was at this same point last year. Supply is healthy, buyers are engaged, and the market is moving — just not accelerating the same way the suburbs are. For sellers in Seattle, presentation and pricing discipline remain essential. For buyers, there is slightly more room to move than in some of the surrounding markets.

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 buyers real choices without the same urgency as earlier in the season.

What This Means for You

If You’re Thinking About Selling

Presentation and pricing discipline remain the deciding factors in Seattle. The market is active and buyers are engaged, but this is not a market where homes sell themselves. The spring window for strong results is still open — getting the work done now, before the summer slowdown, matters.

If You’re Thinking About Buying

Seattle offers slightly more breathing room than some of the surrounding suburban markets right now. More options are available than at any point this spring, and the pace gives you a bit more time to be deliberate. That said, well-priced, well-prepared homes are still moving — don’t mistake steady for slow.

What I keep coming back to this week:

“Seattle is holding steady with last year’s pace — stable, active, and moving. The acceleration is happening in the suburbs. But that doesn’t mean Seattle is sitting still.”

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

Questions about what this means for your specific situation? I’m happy to talk.

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