June usually marks Seattle's high point for the year. This year, it arrived — then eased almost as fast as it came.

Closed sales fell 7% year-over-year, pending sales 11%, and the median price settled at $1,010,000 — 6% below last June, though still the second-strongest June on record. Meanwhile the 30-year rate dropped to 6.5%, trimming the average payment by $678 a month, or $8,131 a year, compared to twelve months ago. Buyers have more room to work with than they've had in years — they're just not in a hurry to spend it. Only 30% of homes sold above list this month, the lowest June share in at least four years, and roughly one in four listings needed a price cut before finding a buyer.

Affordability improved. Urgency didn't follow. That gap is this month's real story.

For buyers, the math is finally in your favor — the challenge now is finding the right home, not racing for any home. For sellers, accurate pricing from day one matters more than it did a year ago, and so does preparation. The homes standing out this month are the ones that look ready, not just priced right — cutting corners rarely pays off in a market paying this much attention.

— Erik

Numbers to Know:
What's Driving the Market Right Now

Oil prices, global uncertainty, mortgage rates that won't budge — and yet buyers keep showing up. Windermere Principal Economist Jeff Tucker breaks down what's behind today's housing market and what to watch if rates finally start to ease.

Click to view Update (YouTube)

A New Federal Housing Law — What It Means for Seattle

The 21st Century ROAD to Housing Act just became the biggest federal housing reform in 30 years — and KUOW sat down with a University of Washington housing expert to break down what it means specifically for our region.

Read the full article on KUOW.org

Windermere: The Only Real Estate Company on Washington's Top Giving List

Each year, the Puget Sound Business Journal ranks Washington State's 30 biggest corporate givers. This year, Windermere Real Estate came in at #17 — with over $1.84 million in cash contributions — the only real estate company on the list, sitting alongside Microsoft, Amazon, and Boeing.

That giving comes from our agents, who donate a portion of every commission to the Windermere Foundation, which supports low-income and homeless families across the Pacific Northwest.

We're proud of it — and grateful to every client who makes it possible.

Source: Puget Sound Business Journal, published May 12, 2026.

The term "flying saucer" was born in the Pacific Northwest — sort of by accident. In 1947, pilot Kenneth Arnold reported seeing nine mysterious objects flying near Mount Rainier. He never said they were shaped like saucers — he described their movement like one skipping across water. Reporters got it wrong, the headline spread nationwide, and a phrase entered the language forever.