Seattle’s $750K-$1M Is the Tightest Market in the Region

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

Week of May 30, 2026

Seattle’s $750K–$1M
Is the Tightest Market in the Region

Across Seattle, the market is holding up well this spring. The $750K to $1M segment is the most competitive I’m tracking anywhere in the region right now, and the $1M to $1.5M range has been consistently strong week over week.

Seattle Absorption Rate
47.7%
4-week rolling avg · vs. 51.3% same period 2025
Year-Over-Year
−3.6 pts
Percentage points behind late May 2025 · still above 45%
Strongest Segment
$750K–$1M
33%+ first-week activity · running ahead of last year

What I’m Watching This Week

Seattle is performing comparatively well this spring. The $750K to $1M segment is the most active I’m tracking anywhere in the region right now. Homes are moving quickly there, and buyers are competing. First-week pending rates in that bracket are actually running ahead of where they were at this same point last year, which is not something you can say about most price bands right now.

The $1M to $1.5M range in Seattle has also been consistently strong, with a healthy share of new listings going pending within the first month, week after week. If you’ve been watching Seattle and waiting for things to slow down, you haven’t seen it yet in those price bands.

What This Means for You

If You’re Thinking About Selling

Seattle’s core segments are still moving, and well-priced homes in the $750K to $1.5M range are finding buyers quickly. If you’ve been waiting for the right moment, this spring window is still open. Preparation and pricing matter, but the demand is there.

If You’re Thinking About Buying

Seattle’s $750K to $1M market is competitive. Have your financing sorted before you start looking. Homes in that range are not sitting. The $1M to $1.5M band gives you a bit more time to think, but not much. Being ready to move when the right one shows up is still the strategy that works.

What I keep coming back to this week:

“The $750K to $1M range in Seattle is moving faster than it was at this same point last year. That’s not something you see in many markets right now. If you’re buying in that range, you need to be ready.”

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

Want to talk through what this means for your situation? Reach out anytime.

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