June 2021 highlights
Across the region, the market continued to see a high level of activity. While June didn’t bring month-over-month jumps, the area remains a seller’s market.
- Seattle prices were steady from May to June. In Seattle, median sale price for single family homes saw a small downward fluctuation but remained 16% above the pre-pandemic June 2019 number of $755,000.
- Eastside prices rose. On the Eastside, single family home median sale price picked up 5% month over month to a multi-year high of $1.4M. Meanwhile, list price held steady, indicating that the higher sale prices were driven by increased competition.
- Homes sold very quickly. Across the region, homes sold about as quickly as possible regardless of property type, with a median of 6 days for single family homes in Seattle, 5 days for Eastside single family homes, and 6 days for Eastside condos. Condos in Seattle were an exception, at a median of 10 days, on par with June 2020.
- The Eastside condo market picked up. Sale-to-list price ratio for condos on the Eastside came in at a median of 103%, a multi-year high and the third consecutive month of an over-100% trend. The number of condos listed and pending remained about steady indicating that this ratio is driven by buyer interest and not a decrease in inventory.
Our research team explored the competition facing homebuyers in select areas.
Sale price compared to list price
Days on market
Number of properties listed
Number of properties pending sale
Seattle includes data for the city of Seattle.
Eastside includes data for Redmond, Bellevue, and Kirkland.