Hey there—hope you’re soaking up summer while it lasts.

Seattle’s housing market is still dancing to the same beat: balanced, steady, and quietly competitive. Inventory in July nudged up again—to 2.1 months—marking the highest July level in over a decade. But unlike past slowdowns, this isn’t about demand drying up. Pending sales are up 6% year-to-date, and the median price hit $1.01 million, a 4% increase from last summer.

What’s shifting is buyer behavior. With more choices and a little less urgency, buyers are shopping with clear eyes and cooler heads. Homes that check the boxes are still moving—just don’t expect anyone to overlook that weird carpet or that half-baked DIY project in the basement.

If you're wondering how this all plays into your next move, I’m always here to talk it through.

— Erik

After a bit of a roller coaster in the second quarter following the April rollout of Trump’s tariffs, July just looked slow and steady, especially in sales: We saw 4% more closed residential sales across the Northwest MLS in July than last year, and 3% more pending sales.

Seattle has updated its zoning regulations to permit multiple housing units on lots previously limited to single-family homes. This change aims to increase housing options and address the city’s housing needs. The article explores what types of homes are likely to be built under the new rules and how this shift may impact Seattle’s neighborhoods.

Seattle Market Update

The latest Seattle real estate trends and statistics from trusted sources like the Northwest MLS and Windermere Real Estate, brought to you by Erik Stanford. Data is current through July 2025.

Eastside Market Update

The latest Eastside real estate trends and statistics from trusted sources like the Northwest MLS and Windermere Real Estate, brought to you by Erik Stanford. Data is current through July 2025.

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LEA HILL RETREAT - Exquisitely Updated
One-Level Living

11525 SE 308th Place

$618,000
1,400 SF
MLS# 2420378