Steady Supply, Softer Pace
What I’m Seeing
in the Seattle Market This Week
New listings in Seattle came in essentially flat compared to last spring. The pace at which homes are going pending has eased from a year ago. But the $1M to $1.5M range is still moving at a pace that gets sellers’ attention. Here’s what I’m watching.
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.
Seattle came in at 30.92% Week 1 absorption this week, down from 35.33% at this same point in 2025. That’s a softer read year-over-year, though still meaningfully ahead of Eastside pace. Supply came in essentially flat compared to last spring, which tells me the slower pace is in buyer response, not a surge of new inventory.
The Eastside has been tracking around 25% Week 1 absorption in recent weeks, softer than Seattle’s pace and well below where it was in spring 2025. That gap is real and worth understanding if you’re comparing activity levels across markets.
Seattle by Price | Where Buyers Are Moving Fastest
Week 1 absorption by price tier, week ending May 1. The dashed line shows the current Seattle Week 1 rate. This shows where buyer competition is concentrated in Seattle right now.
Seattle: Week 1 Absorption by Price Tier | May 2, 2026
| Price Range | Week 1 Pend Rate | vs. Last Year | Market Signal |
|---|---|---|---|
| $500K–$750K | 30.67% | Ahead | Strong |
| $750K–$1M | 33.33% | Softer | Strong |
| $1M–$1.5M | 47.95% | Essentially flat | Very Strong |
| $1.5M–$2M | 20.69% | Softer | Selective |
| $2M+ | 35.71% | Ahead | Strong |
What This Means for You
“Seattle came in essentially flat on new listings compared to last spring, but the pace of pending activity has eased from where it was a year ago. The story isn’t uniform across price points. The $1M to $1.5M range is still moving at nearly 48% in Week 1. Preparation and pricing are doing the work this spring.”
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.
The $1M to $1.5M range in Seattle stands out right now. Nearly half of new listings in that price band found buyers in the first week. That’s a level of activity that rewards sellers who come in well-priced and well-prepared. The overall absorption rate is softer than last spring, which means condition and pricing matter more than they did in 2024, but in the right segment the opportunity is real.
Buyers in Seattle have slightly more breathing room than they did last spring, but the experience varies significantly by price point. The $1M to $1.5M range is still moving at nearly 48% in Week 1, and the $2M+ segment is tracking ahead of last year. If you’re in either of those ranges, being ready to move quickly on the right home still matters. Know your segment before you start.