As we enter mid-June, the Eastside and Seattle real estate markets are showing sharp increases in inventory and months of supply, signaling a more balanced — and potentially opportunistic — environment for savvy buyers. Here’s a breakdown of this week’s trends across Seattle, Bellevue, and surrounding luxury markets.

📉 Median Sales Prices: Mixed Signals, Notable Gains in Bellevue

• Seattle: $869,325 (▼0.6%)

• Bellevue: $1,650,000 (▲3.8%)

• Kirkland: $1,325,000 (▼5.2%)

• Issaquah: $1,198,000 (▼2.6%)

• Redmond: $1,369,900 (▼11.3%)

• Sammamish: $1,762,500 (▼2.1%)

• Woodinville: $1,498,000 (▼0.1%)

While most Eastside cities saw a slight dip in prices, Bellevue was the standout, posting a strong 3.8% monthly increase — reflecting resilient demand for centrally located luxury properties. Redmond’s 11.3% decline may indicate increased negotiation leverage for buyers.

📈 Inventory Surge: Buyers Gaining Leverage

• Seattle: 2,939 homes (▲45.8%)

• Bellevue: 476 homes (▲112.5%)

• Kirkland: 446 homes (▲121.9%)

• Woodinville: 193 homes (▲238.6%)

All seven markets posted double- or even triple-digit inventory growth. This marks the third consecutive week of rising inventory, giving buyers more options and creating downward pressure on competitive bidding — especially in Kirkland and Woodinville.

🧮 Months of Supply: Market Moves Toward Balance

• Seattle & Bellevue: 4.1 months (▲~105%)

• Kirkland: 3.9 months (▲105.3%)

• Woodinville: 5.0 months (▲212.5%)

Most areas are trending toward a balanced market, with 4–6 months of supply considered a neutral range. Woodinville, with 5.0 months of inventory, is approaching buyer-favorable territory for the first time this year.

⏱ Median Days on Market: Longer Listings Becoming Common

• Seattle: 8 days (▲33.3%)

• Kirkland: 7 days (▲40.0%)

• Woodinville: 10 days (▲100.0%)

Homes are staying on the market longer in nearly every market — a strong signal that the frenzied pace of early 2025 is easing. Buyers have more breathing room, while sellers may need to reset pricing expectations or upgrade presentation.

🧭 Takeaway for Buyers & Sellers

• Buyers: Increased inventory, longer days on market, and stabilizing prices offer real negotiation power. Now is a great time to explore options — especially in Redmond, Woodinville, and Kirkland.

• Sellers: Bellevue remains a bright spot with rising values. Presentation and strategic pricing are critical in this shifting market landscape. Partner with a local expert to stand out.

Whether you're preparing to buy or sell, the Jacob Weaver Group is here to help you navigate the Eastside with confidence.