July Market Update: Seattle + Eastside

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Key takeaways for the month

Overall, July showed the Seattle and Eastside markets rebounding after the effect of COVID-19 in March and April. 

  • Recovery hasn’t been as drastic as the change at the onset of COVID, but we are seeing a gradual rise in median sale price across the board. 
  • List prices are decreasing, indicating that sellers are trusting the market to bring competition that will raise the prices.
  • We can also see seller confidence in the number of properties listed, which was weak in May but has risen in June and July. Sellers who might have listed in May, the usual peak time of the year, are listing now. 

Competition snapshot

Our Research Team looked into sales in the hottest zip codes on the Eastside for a snapshot of competitiveness in the local market.

The researched homes are a sample of the resale market for single-family houses and townhomes, excluding new construction, listed for $800,000 – $1,200,000 in select zip codes in Bellevue, Kirkland, and Redmond.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


Seattle includes data for the city of Seattle.

Eastside includes data for Redmond, Bellevue, and Kirkland.


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