September Market Update: Seattle + Eastside

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Key takeaways for the month

September data shows that August was likely the peak month for 2020 real estate in Seattle and the Eastside. While the market is still much more active than in a “normal” September, we see it slowing in the same way that June typically slows after the May peak. 

  • Median days on market are down year over year, indicating competition in the market. 
  • On the Eastside, the number of properties pending rose, but the fall in median sale price shows that competition is slowing down. While there was high demand, not every buyer was buying a newly listed home. 
  • Seattle is seeing a similar curve to the Eastside, but less dramatically. Competition is now slowing down as quickly. 
  • October typically brings a second peak for the year, and October 2020 will be interesting because we’ve just begun to see the year’s first peak begin to soften.

Competition snapshot

Our Research Team looked into sales in a select area for a snapshot of competitiveness in the local market.

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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