Hey there—November’s here, and Seattle’s market is easing into a steadier, more rational tempo. Prices are still climbing—up 8% year-over-year to a $1,049,999 median—while inventory has grown 21% and months of supply has edged up to 2.3, the highest level we’ve seen this year. More listings (+14% YTD) and slightly softer demand (pendings down 5% MTD) are giving buyers a bit more leverage, yet well-prepared homes continue to draw strong attention: 26% sold above list, and nearly a third required a price adjustment to find the market. With rates hovering around 6.25%, affordability remains the defining tension—but the overall picture is one of normalization, not decline. A market that rewards strategy over speed is officially back.

— Erik

This month’s Local Look is all about opportunity. Windermere Economist Jeff Tucker breaks down new Northwest MLS data showing a typical seasonal cooldown across Western Washington. With more homes on the market, buyers and sellers alike can navigate the season with a bit more breathing room and clarity.

Click to view video & full Market Update

Homeownership isn’t just a milestone anymore —
it’s becoming a midlife achievement.

The median first-time buyer is now 40, up from 28 in the early ’90s. With affordability stretched and inventory tight, understanding what’s driving today’s buyers is key to navigating a shifting market.

source: www.nytimes.com

View full New York Times article

Spotlight on the Community:

Support Local Families Today

Right now, the Rainier Valley Food Bank is serving more neighbors than ever. With rising food costs and growing need, your support ensures families have access to nutritious meals and essential resources. Please consider giving today to help keep our community strong, nourished, and cared for—one family at a time.

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Support Youth in Foster Care This Winter

Treehouse creates real opportunities for young people in foster care to thrive—through childhood, school, and the transition into adulthood. This season, even small gifts like warm clothing or a meaningful holiday present can boost a youth’s confidence and sense of belonging. Your donation ensures every young person in foster care has what they need to feel supported and cared for this winter. Please give if you’re able, information at the link below.

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Did you know Washington has the largest ferry system in the U.S.?

With 21 ferries connecting Puget Sound and the Salish Sea, these “marine highways” carry commuters, tourists, and goods from Tacoma to Friday Harbor every day.

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