Experience Resort-style living on the revitalized downtown Seattle waterfront from the top-floor of Waterfront Landings. You’ll love this large one-bedroom, light-filled corner unit with views of Elliott Bay and Olympic Mountains.

The unit features quartz countertops, new carpet, efficient ductless heating and A/C, and quality Bosch appliances updated in the past few years. Enjoy the privacy and peacefulness of top-floor living with your own private deck. Exceptional storage includes six in-unit closets plus a storage unit conveniently located across the hall and a secure parking space.

Waterfront Landings is perfectly located – just moments from the Overlook Walk Park, historic Pioneer Square, Pike Place Market, the Seattle Aquarium, waterfront dining and activities, transit, and entertainment.

This is a pet-friendly community offering superb amenities, including 24-hour concierge service, a fitness center, hot tub, community room, meeting rooms, secure entry, elevator access, rentable guest suites, guest parking, and a rooftop deck with BBQs. With no rental cap and short-term rentals permitted, this home offers rare flexibility for a primary residence, Seattle getaway, or investment opportunity.

Live where the city meets the water and experience Seattle’s vibrant waterfront right outside your door.

Features include:

• Large 674 square feet
• In-unit W/D
• Garage parking
• Private storage unit
• Low HOA Dues: $552/mo includes natural gas, water/sewer/garbages, common amenities, on-site staff, earthquake insurance and security services.

This waterfront condo home is offered at $559,000.

For more information and photos, visit Waterfront Landings #543.

Learn more about this property! Drop us a note or inquire about this property or for a private showing at Waterfront Landings.

The post Spotlight Listing: Waterfront Landings One-bedroom in downtown Seattle first appeared on Seattle Condos and Lofts.

Perched high above in the southeast corner of Cristalla, this spacious 1-bedroom, 2-bathroom home is a stunner!

Floor-to-ceiling windows frame spectacular city views and bathe the home in natural light, while the open layout flows seamlessly for gatherings large and small. The chef’s kitchen offers high-end finishes and appliances, including a dual-fuel range, built-in Miele coffee maker and steam oven, slab granite countertops and a breakfast bar. The wet bar with wine fridge makes hosting effortless.

A dedicated office nook offers the perfect work-from-home setup without sacrificing living space, while a private balcony invites you to enjoy fresh air and city views.

Residents enjoy world-class building amenities, including 24-hour concierge service, a lounge, a private 12-seat movie theater, a fully equipped fitness center, a hot tub and sauna, a dog run, and a stunning rooftop terrace showcasing panoramic views of the Space Needle and Elliott Bay.

Cristalla offers a great Belltown location – close to Pike Place Market, the newly revitalized waterfront, South Lake Union, and more. Investor-friendly building with no rental cap in place and is pet-friendly.

Features include:

• Spacious 1,174 square feet
• In-unit W/D
• Two secure EV-equipped parking spaces
• Private storage unit
• Dedicated wine locker in the building’s wine cellar

This modern condo home is offered at $850,000.

For more information and photos, visit Cristalla Condo #1507.

Learn more about this property! Drop us a note or inquire about this property or for a private showing at Cristalla.

The post Spotlight Listing: Cristalla One-Bedroom – Downtown first appeared on Seattle Condos and Lofts.

With the second half of the year underway the Seattle condo market is charting along with its seasonal slowdown. Listings rose, sales reduced, and surprisingly, the median sales price increased in September. As we head into the Fall season, the market will slow further and we’ll start to experience fewer listings along with continued decreasing sales and falling prices.

September Surprise – A little bump in selling prices

The Seattle citywide median sales price for condos was $530,000 in September. That reflected a year-over-year (YOY) increase of 1.2% and a month-over-month dip of 0.9%. This was only the second time this year that we experienced a YOY increase.

Looking at NWMLS neighborhood areas, several locales exhibited an increase in their median sales price for the month. These were Northwest Seattle (+36%), South Seattle (+32.3%), Capitol Hill / Central (+19.4%) and Northeast Seattle (+15.3%). Conversely, West Seattle (-20.1%) decreased as did Southeast Seattle (-20%), Downtown / Belltown (-16.3%) and Queen Anne / Magnolia (-6.7%). Click here to view the full neighborhood breakdown at the end of the post.

The above condo figures are from the NWMLS (Northwest MLS), which groups various property types under its condominium classification. The NWMLS’ broad condo definition include condoized single family houses, townhomes, accessory dwelling units (ADU), detached accessory dwelling units (DADU), houseboats, moorage and deeded parking spaces. Typically, these non-traditional condos are newer and higher valued and skew the condo statistics.

Last month, non-traditional condos constituted 27.6% of all Seattle condo sales with a median sales price of $685,000. That reflected a one-year and a one-month decrease of 8.3% and 5.9%, respectively.

Traditional condos, on the other hand, realized a year-over-year increase of 6.2% to $475,000 in September, which also equaled the median sales price in the prior month.

Seattle Condo Listings Grow

The number of Seattle condo properties for sale increased in September to 1,220 units. That’s 14.2% more than last September and 2.6% more than the previous month. We started the month with 1,189 units listed and sellers added another 493 properties for sale throughout the month for a total of 1,683 units. Of that amount 462 listings came off the market through sales, being expired or sellers canceling the listing, being rented out or for other reason. That left 1,220 at month’s end.

As a result of the increased inventory, combined with lower sales volume, the Seattle condo inventory supply increased to 7.3-months of supply. This officially moves Seattle into a buyer’s market environment. This is the first time since 2010 that Seattle’s condo market, as a whole, has reflected a buyer’s market.

That said, this may be short-lived. The Pacific Northwest’s housing marketing is seasonally cyclical and during the “big dark” Fall months the number of listings plummet. With the coming shorter days, overcast skies, rain and the busy holiday season, the real estate market lags with sellers and buyers taking a break.

The inventory supply rate categorizes the current market environment. A rate of less than 4-month of supply is considered a seller’s market. A rate between 4 to 7-months is a normal or balanced market. And, a rate more than 7-months would be a buyer’s market. We calculate the supply rate using pending sales transactions.

Condo Sales Tumble

The number of pending sales significantly underperformed 2025 by 25.1% with 167 properties in pending transaction status (listed with accepted offers in escrow). That was also 4.6% fewer than from the previous month.

Rising mortgage interest rates, employment instability in the Seattle area (especially the technology sector), buyer fatigue, inflation, fluctuating investment account balances, the election and global issues all have an impact on the local housing market. And, presently, it’s an adverse impact.

Seasonality also plays a role with the market lagging through the remainder of the year.

Condo closings follow pendings by a month or so, thus with falling sales volume we’ll experience fewer closings. Last month there were 147 closed sales, representing a one-year and one-month decrease of 25% and 3.9%, respectively.

In summary

Historically, the second half of the year exhibits a slowing real estate market in Seattle and the Pacific Northwest. This year is no exception, however, the current market is vastly underperforming 2025 levels in terms of unit sales and selling prices.

That’s particularly true when contemplating the condo market as a whole with non-traditional properties such as single family houses, townhomes, ADUs and DADUs skewing the statistics. Looking at just the traditional condos – a single unit in a multi-unit building – the market faired a little better in September. Traditional condos exhibited a year-over-year median sales price increase of 6.2% for the month.

Going forward through the remainder of the year not much will change. The Fall season is the slowest for the Seattle real estate market and we’ll experience fewer listings, reduced sales activity and lower selling prices.

For buyers, the current abundance of listings provide exceptional choices and opportunities along with stronger buyer offer positioning. Sellers don’t want to sell during the “big dark” unless they have to, giving buyers an advantage.

For sellers, unless circumstances doesn’t allow for it, it is optimal to hold off listing until the new year. Like clockwork the market takes off in late January through to Spring. The final months of the year provides an opportunity to make any necessary maintenance updates and repairs to the property ahead of the busy Spring season.

Seattle Condo Market Statistics September 2026

Source: Northwest Multiple Listing Service. Some figures were independently compiled by Seattle Condos And Lofts and were not published by the NWMLS.
© SeattleCondosAndLofts.com

The post Seattle Condo Market Recap – September 2026 first appeared on Seattle Condos and Lofts.

Habitat for Humanity has a long, storied history of providing affordable homeownership opportunities throughout the world. In the greater Seattle area, Habitat for Humanity has developed numerous homes including single family houses, townhomes, co-operative housing, and most recently, providing affordable condominium homes.

One of its most prominent condominium projects in Seattle is the recently completed Liberty Commons in Columbia City located at 5022 Martin Luther King Jr Way South. Liberty Commons features 58 handsomely finished condominium homes with mix of layouts and home options including studios, one-bedrooms and two-bedroom homes.

Although Liberty Commons does not have on-site parking, it is conveniently located two blocks from the Columbia City Light Rail Station.  And, just three blocks from Columbia City’s urban village center bustling with shops, restaurants, cafes, entertainment, grocery and more. The building also has a large secured bike storage room and outside courtyard.

The Homes

The homes are well-appointed with modern finishes and color pallets.  Every home comes with stainless steel kitchen appliances, in-unit washer and dryer and HVAC heating and cooling systems.   

Studios: There are 5 studio units at 405 square feet. The studios start from $162,000 with an estimated monthly payment between $1,282 to $1,585.  A minimum $3,000 down payment is required.

One-bedrooms: There are 26 one-bedroom homes ranging from 459 to 612 square feet.  The one-bedroom units start from $220,000 with an estimated monthly payment of $1,697 to $2,548.  A minimum $4,000 down payment is required.

Two-bedrooms: The 27 two-bedroom homes range in size from 634 to 815 square feet.  The two-bedroom homes start from $285,000 with an estimated monthly payment of $2,163 – $3,272.  A minimum $5,000 down payment is required.

The estimated monthly prices above include principal, interest, taxes, insurance and HOA dues. 

Homeownership Purchase Qualifications

As an affordable homeownership development, Habitat for Humanity has buyer qualification requirements and unique procedures for Liberty Commons purchases.

Partnership with Habitat 

Habitat for Humanity is known for having new homebuyers provide “sweat equity” by helping with hands-on labor during the construction phase.  For this project, homebuyers will instead partner through various other options to be completed within the first year of ownership – volunteering with Habitat for Humanity, advocating by sharing their story with affordable housing, attending homeownership classes or by building community with their new neighbors.  

Buyer & Residency Status

Buyers must be first-time homebuyers (may not have owned a home in the past 3 years) and live or work in King County. The property must be a primary residence and may not be rented out.  Homeowners may work from home, however, running an in-home business with foot traffic is prohibited.

Income Limits & Payments

Homebuyers total annual gross income must be at or below the maximum income for their household size and earn a minimum of $40,000 to afford the minimum payment.

Liberty Commons has very low downpayment requirements, ranging from $3,000 to $5,000.  To reserve a home, buyers will need to place a $2,000 non-refundable deposit that is applied towards the down payment. 

Due to its unique affordability program, some buyers may be required to provide a higher cash contribution depending on their liquidity.  Buyers who have liquid assets greater than $15,000 must contribute any amount over $15,000 towards the purchase. 

For instance, if a buyer has $25,000 in savings, the buyer’s cash contribution / down payment will be $10,000, the amount exceeding the $15,000 limit.  Therefore, if this buyer is purchasing a one-bedroom home, their contribution will be $10,000 instead of the $4,000 minimum. 

Financing requires a Washington State Housing Finance Commission conventional Fannie Mae mortgage loan, which features special below-market interest rates and no mortgage insurance. Buyers may also qualify for down payment assistance programs. Cash purchases are not allowed.

Selling Requirements

As a non-profit organization providing affordable housing on an ongoing basis, Habitat has a restriction on selling.  When homeowners decide to sell, they are required to sell the home back to Habitat for Humanity.  Equity is limited to 1.5% appreciation per year of homeownership, which the homeowners will receive when they sell their home.  This process eliminates the state’s excise tax on real estate sales and there are no real estate fees incurred by the homeowner when they sell.  This can save the homeowner tens of thousands of dollars when selling. 

This process allows the homeowners to build equity and for Habitat to continue offering low-cost affordable housing to another buyer.  The homeowner can then use their earned equity to purchase their next market rate home.

What to Learn More?

For more information and to learn more about this property!  Drop us a note or inquire about this property.

Note: We are not affiliated with Liberty Commons. Although, we are affiliated with Keller Williams Greater Seattle, the listing brokerage for Liberty Commons.

The post Liberty Commons Condominium – Affordable Homeownership first appeared on Seattle Condos and Lofts.

August was a lackluster month for Seattle’s condo market. Inventory continued to rise as condo selling prices and unit sales trended down for the month.

The Seattle citywide median sales price for condos was $535,000 in August. That represented a year-over-year decrease of 10.1%, the 8th consecutive monthly declined compared to the same periods in 2025. Though, it exhibited a slight 1.9% increase over the previous month.

While Seattle reflected depressed selling prices overall, there were a a couple of NWMLS neigbhorbood areas that saw increases in their year-over-year median selling prices: West Seattle (+22.9%) and Capitol Hill / Central (+12.9%). The rest of the city, however, saw decreases. Click here to view complete neighborhood results.

The NWMLS has a broad classification for condominiums. It lumps traditional condo units with non-traditional condo properties such as townhomes, accessory dwelling units (ADU), detached accessory dwelling units (DADU), condoized single family houses, as well as moorage and deeded parking spaces.

The non-traditional condo properties are typically newer and higher valued. As a result, they skew the statistics for traditional condo units. Excluding non-traditional condos, the median selling price for traditional condo units was $475,000. That reflected a one-year decline of 10.4%, but also a 2.2% increase over the prior month.

Non-traditional condos had a median selling price of $728,000 in August. That exhibited a year-over-year and one-month decrease of 8.9% and 2.3%, respectively. They also comprised 31.5% of all condo sales in August. Presently, they account for 22.5% of the current active listings in Seattle.

The number of active Seattle condos listed for sale in the NMWLS grew 18.9% compared to last August and 0.8% over the prior month. We ended the month with 1,189 listings, an increase of only 9 units. However, it’s the most listed for sale in the NWMLS going back to October 2010.

Seattle started the month with 1,180 units for sale with sellers adding another 437 units throughout the month for a total of 1,617 for sale. Of that number, 428 units came off the market as a result of sales, were cancelled or had expired, were rented out instead, or for other reasons. That left 1,189 units at month’s end.

New listings came on the market at a decreasing rate. There were 478 new listings in July and 437 in August that resulted in a decrease of 8.6%. Though, that’s not surprising with Seattle’s seasonal real estate market. The number of active listings cyclically reduce from the end of summer through the end of the year.

The Seattle condo inventory supply rate rose to 6.8-months of supply, its highest level since 2010. Seattle, as a whole, is essentially in a buyer’s market.

The inventory supply rate categorizes the current market environment. A rate of less than 4-month of supply is considered a seller’s market. A rate between 4 to 7-months is a normal or balanced market. And, a rate more than 7-months would be a buyer’s market. We calculate the supply rate using pending sales transactions.

There were 175 pending sales transaction in August, reflecting a 17.1% decrease compared to the same period last year, as well as an 8.4% drop from the previous month.

The number of closed condo sales reduced significantly, reducing 20.7% year-over-year and 19% from the prior month to 153 units.

As we head towards the third quarter to close out 2026, we will see few sales. The autumn / fall season is the slowest period for real estate in Seattle.

Seattle Condo Market Statistics August 2026

Source: Northwest Multiple Listing Service. Some figures were independently compiled by Seattle Condos And Lofts and were not published by the NWMLS.
© SeattleCondosAndLofts.com

The post Seattle Condo Market Update August 2026 first appeared on Seattle Condos and Lofts.

Perhaps it’s just an anomaly. A blip. An Aberration. Seattle’s real estate market is historically cyclical. We usually follow the same pattern year after year — the market starts to ramp up in the Winter, activity peaks in the Spring, then plateaus in the Summer before hibernating in the Fall.

We started 2026 as expected – the market ramped up with the start of the new year before peaking in Spring. However, the condo market seemed to have missed a step – the Summer plateau – instead morphing into the Summer Slump. Seattle’s condo market continued to underperform 2025 with lower selling prices, fewer sales and more inventory.

Selling Prices Trend Down

The Seattle citywide median sales price for condos was $525,000 in July. That reflected a modest decrease of 4.6% year-over-year as well as a 5.8% dip from the prior month. In looking at the graph below, that’s basically how selling prices have faired this year compared to last year.

Not all areas of Seattle underperformed, however. The Magnolia / Queen Anne area realized a 6.3% increase in its median sales price relative to the same period last year, but did slip 5.3% from June.

West Seattle’s median sales price shot up over 57% compared to July 2025. However, that’s primarily due to the property type and price point. Last year 74% of the properties sold were traditional condo units and 26% were townhomes. This year, on 48% were traditional condos, which are usually older and lower priced – while 52% were townhomes, which are newer and higher priced – moving the selling price mid-point up significantly. Click here to view neighborhood results.

The NWMLS has a broad definition of “condominium”, which comprises a wide range of property types including the traditional individual unit in a multi-unit building or complex, as well as properties we don’t typically associate with condominiums. These non-traditional properties consists of townhomes, condoized single family houses, accessory dwelling units (ADU), detached accessory dwelling units (DADU, which are essentially a single family house), floating homes, moorage and deeded parking spaces. Non-traditional condos are typically newer and more expensive, thus their inclusion in the condo category impacts the median sales price.

For instance, in July 2026 non-traditional condos accounted for 29.4% of all condo sales with a median sales price of $745,000. That reflected a very slight 0.04% increase year-over-year, but also a 6.9% decrease from the prior month.

Conversely, traditional condo sales had a Seattle citywide median sales price of $465,000 last month. That represented a healthy 9.4% increase year-over-year, but also a 4.1% one-month drop.

Inventory Aplenty

Seattle’s condo Inventory rose in July, but marginally. The number of active units for sale was 1,180 at month end. While that was 11.7% more compared to last July, it only grew by 2.1% from the previous month, or just 24 units.

We started the month with 1,156 units for sale and sellers added another 478 listings throughout month for a total of 1,634 units. Of that amount, 454 came off the market leaving 1,180 units at month end. Units came off the market dues to sales, listings being cancelled or expired, or because sellers opted to rent the unit instead of selling.

The increased listings led to a rise in the inventory supply rate to 6.2-months of supply. That maintains Seattle, as a whole, in a balanced / normal market environment. Though, we are inching closer and closer towards a buyer’s market.

The inventory supply rate categorizes the current market environment. A rate of less than 4-month of supply is considered a seller’s market. A rate between 4 to 7-months is a normal or balanced market. And, a rate more than 7-months would be a buyer’s market. We calculate the supply rate using pending sales transactions.

One item of note I came across was the downtown / Belltown area. For a few months it has been ensconced in a buyer’s market based on its supply rate. In June, it had an 8.7-month supply rate, but in July it went down to 6.7-months moving from a buyer’s market to a balanced market. The number of downtown listings fell in July while sales increased, one of the few bright spots last month. Market conditions can change quickly, particularly statistics, since we’re dealing with relatively small sample sizes.

Condo Sales Tumble

The number of Seattle condo sales dropped in July, with only 191 units going into pending status (listings with accepted offers in escrow). That reflected a 20.4% year-over-year and 5% month-over-month decrease, respectively.

Historically, we’d experience a sales activity plateau during the Summer months, however, 2026 seems to be bucking our cyclically trends. Since peaking in April, condo sales has been plummeting rather than stabilizing. November & December is our slowest months for sales and we’re rapidly reaching that level.

Employment uncertainty have sidelined many condo buyers, particularly from the tech sector that drives the downtown area condo market. Financial market fluctuations have impacted investments, savings and 401K portfolios. The war and other global events have affected inflation with rising prices and mortgage rates.

There were 189 closed Seattle condo sales in July. That was a 8.7% drop from the same period last year and a 5.5% dip from June.

In Summary

The Seattle condo market started the year strong but it’s since taken a little bit of a detour and going off script. Historically, the market plateaus and stabilizes during Summer, however, this year the market is slowing and softening a few months earlier than expected.

Sales have plummeted to a level we’d typically see during Fall and selling prices are not far behind. Numerous external factors have been impacted the local real estate market and condos are getting the brunt of it.

There are silver-linings, of course. If you’re a buyer, then the softer market place offers more inventory choices, slower sales velocity and better prices providing opportunities we’ve not seen in the Seattle market for many years. And anticipating upcoming changes to condo mortgage guidelines in the new year now creates favorable conditions for buyers. It’s likely few condos will quality for mortgages once 2027 starts.

It’s a different outlook for sellers. There is more competition as inventory grows putting pressure on pricing and longer market times. But, condo sellers need to be ahead of the mortgage guideline changes as that may make it even more difficult to sell in 2027.

Seattle Condo Market Statistics July 2026

Source: Northwest Multiple Listing Service. Some figures were independently compiled by Seattle Condos And Lofts and were not published by the NWMLS.
© SeattleCondosAndLofts.com

The post Seattle Condo Market Recap July 2026 first appeared on Seattle Condos and Lofts.

The start of summer brought sunny, warm weather to the Pacific Northwest, but it put a damper on Seattle’s condominium market. The June results exhibited a lackluster performance for the condo segment. Inventory increased while condo sales activity and selling prices fell.

In looking at Seattle as a whole, the citywide condo median sales price in June was $557,475. That reflected a year-over-year (YOY) and a month-over-month decrease of 5.4% and 1.6%, respectively. It was the 6th consecutive month of YOY decline in the median sales price. Most of the decreases occurred in the condo-dense areas of Downtown/Belltown (-15.6%), Capitol Hill / Central Area (-3.2%) and Queen Anne (-10%), as well as Northeast Seattle (-17.6%).

However, it was not all grim news as Northwest Seattle (+3.3%), West Seattle (+13.1%), Southeast Seattle (+44.4%) and South Seattle (+7.5%) all reflected YOY increases in their median selling prices. For complete NWMLS neighborhood area breakdown, see this table at the end of the post.

These figures are based on the total number of sales and properties classified as “condominium” by the Northwest MLS, which has a very broad definition. The NWMLS condominium category include the traditional condo flats, as well as non-traditional condo properties: condoized single family houses, townhomes, accessory dwelling units (ADU), detached accessory dwelling units (DADU), floating homes, moorage and deeded parking spaces.

Altogether, non-traditional condos comprised 24.5% of all condo sales in June. That’s one out of every four. They had a median sales price of $799,999 last month, essentially on par with the $799,000 from June of last year and with the prior month.

On the other hand, traditional condos had a median sales of $484,999 last month. That’s an increase of 1% over May, but a 5.3% decrease from last June.

Not surprisingly by now, Seattle’s condominium inventory continued rising last month. We ended June with 1,156 units for sale. That’s 8.7% more YOY, but only 1% more than we had in May.

That said, however, new listings were added at a decreasing rate. Sellers listed 435 units for sale in June, reflecting a 2.9% decrease from the same period last year and 11.6% fewer than from the prior month. Fewer sellers are selling.

Seattle started June with 1,144 units listed for sale in the NWMLS. To that, sellers added 435 new listings for a total of 1,579 units available throughout the month. From that total, 423 came off the market for various reasons — being sold, rented out, or the listings expired or were cancelled — leaving the 1,156 at month’s end. Seattle’s condo net inventory only grew by 12 units.

Those 12 units combined with lackluster sales resulted in a rising inventory supply rate to 5.8-months of supply. That reflects a solid balanced condo market.

The inventory supply rate categorizes the current market environment. A rate of less than 4-month of supply is considered a seller’s market. A rate between 4 to 7-months is a normal or balanced market. And, a rate more than 7-months would be a buyer’s market. We calculate the supply rate using pending sales transactions.

However, buyers and sellers may experience differing conditions with Seattle’s neighborhood and price point micro-markets. For example, looking just at neighborhoods, the downtown area reflects a buyer’s market with 8.7-months of supply as does Queen Anne / Magnolia with 8.3-months. Buyers may encounter more favorable selling prices and terms, while sellers may face longer market timeframe and depressed values. Fortunately, the rest of the city sits comfortably in the balance / normal market zone.

The number of listings is one factor in calculating the supply rate. Another is sales volume, and that has been trending downwards. There were 201 pending sales transactions (listings under contract in escrow) in June. That was 13% and 11.1% fewer than we had last June and from the prior month, respectively.

For the most part, the largest segment of condo buyers are younger professionals, buoyed by the regions tech firms and medical field, empty nesters looking to downsize, and second home buyers. The current volatility with the local tech employment, and national and global tensions placing pressure on the financial markets that’s impacting investments, savings accounts and mortgage interest rates all play a role in buyers trepidation in buying a home. Many are taking a wait and see posture.

There were 200 closed condo sales last month, exhibiting a one-year drop of 13% and a one-month dip of 3.8%. Closings typically lag behind pendings by a month so we’ll see the number of closings continue to decline.

In Summary

The summer sun maybe shining on Seattle but clouds hung over the condo market. Inventory continued to rise while sales activity slowed and prices fluctuated.

Seattle’s real estate market is cyclical and closely follow the seasons. The market’s peak is during the spring with strong sales velocity and rising prices. Then, the market settles down and plateaus during the summer months before trailing off during the fall. This year, it seems we may have skipped over the summer plateau part.

Seattle condo buyers and sellers experienced lackluster sales activity and softening values last month. For sellers, the market was more of a damper. But, for buyers, the transitioning market provides greater opportunities in terms of choices and better value.

Seattle Condo Market Statistics June 2026

Source: Northwest Multiple Listing Service. Some figures were independently compiled by Seattle Condos And Lofts and were not published by the NWMLS.
© SeattleCondosAndLofts.com

The post Seattle Condo Market Recap June 2026 first appeared on Seattle Condos and Lofts.

It may seem counter intuitive given our current marketplace – the Seattle condo median sales price increased last month. The headlines and the NWMLS’ published condo stats show a decrease, but not’s not the complete picture. However, unit sales plummeted and the number listings increased in May.

Condo Selling Prices Rise…really

According to the NWMLS May statistics, the Seattle citywide condo median sales price was $566,500. That reflected a year-over-year (YOY) and a month-over-month (MOM) decrease of 1.2% and 1.5%, respectively.

However, that is based on the NWMLS’ overly broad categorization of condominiums. It presently include property types that are not commonly associated with condos, which due to their number and higher price points impact Seattle condo statistics.

These non-traditional condos include single-family dwellings that have been “condoized”, accessory dwelling units (ADU), detached accessory dwelling units (DADUs) and townhomes, which generally are larger, newer and more expensive. Other non-traditional condos include storage units, parking spaces and boat moorage. These comprised 29.2% of condo sales and had a median sales price of $799,000 in May, reflecting a one-year decrease of 3.2%, but a 16.6% increase from the previous month.

Excluding these non-traditional condos, the median sales price of the typical condo unit in a multi-unit building or complex in Seattle was $480,000 last month.

Traditional condo units exhibited a 2.9% YOY and a 2.1% MOM increase in their median sales price.

Will that last, probably not. But, it provides clarity to the traditional condo marketplace.

For NWMLS neighborhood activity and sales results, please see the table at the end of the post or click here.

Listing Inventory Climbs

Seattle condo inventory increased as expected given our seasonal marketplace. Seattle ended the month with 1,144 units in the NWMLS listed for sale. That’s 7.2% more than the prior month and 5.6% more than the same period last year. Though, the true number is a little higher since new developments only list a couple of units at a time rather than all the units available in the project.

Yet, there were actually fewer new listings coming to market in May. We started the month with 1,067 units and sellers added an additional 492 units throughout the month for a total of 1,559. The number of new listings coming to market was down 10.2% compared to last May and 6.5% from the prior month.

Of the 1,559 units available in May, 415 came off the market due to sales, being cancelled or expired, were rented out instead, or for other reasons. That left 1,144 at month’s end.

Overall, the increase in inventory had less to do with new listings (as they decreased) but mostly due to the lack of sales. That impacted the inventory supply rate which pushed up to 5.1-month’s of supply based on pending transactions, the highest it’s been since July 2011. And, I suspect, it may continue to rise.

The inventory supply rate categorizes the current market environment. A rate of less than 4-month of supply is considered a seller’s market. A rate between 4 to 7-months is a normal or balanced market. And, a rate more than 7-months would be a buyer’s market.

With that said, Seattle is comprised of micro-markets. Thus, a buyer or seller’s experince will vary based on location / neighborhood, type of property and price point. For example, the Ballard market (Northwest Seattle) had a 2.6-month supply rate last month, which technically, is a seller’s market. Downtown / Belltown had a 9.3-month rate, placing it firmly in a buyer’s market.

Although not great, it’s not the doom and gloom as portrayed in news outlets and social media posts. Rather, it’s returning to normalcy with a balanced marketplace. Seattle, on paper, has predominantly been in a seller’s market since 2012 so we had become accustomed to low inventory and rising prices. So, it’ll take time adjusting to the challenges and opportunities it presents for sellers and buyers alike.

Non-traditional condo listings currently comprise 18.9% of the inventory as of this writing.

Condo Sales Go a Tumbling

One of the primary factors for the rising inventory was the slump in condo sales in May. Compared to last May, condo sales (pending transactions) dropped 17.8% to 226 units. That also reflected a one-month decrease of 7.8% from the previous month. Fewer sellers listed in May, but then even fewer buyers bought.

Take your pick on the pressures impacting the market – mortgage interest rate, tougher condo mortgage underwriting requirements, instability in the workforce (especially the tech sector that fuel condo sales), and national and global political affairs. Faced with uncertainty some buyers have taken a pause.

Fewer pending sales transactions mean fewer closings. Seattle had 208 closing in May, a 3.3% one-year and 2.3% one-month decrease. This will continue to trend downwards unless buyers return to the market.

In Summary

Seattle’s condo marketplace and activity statistics are misrepresented given the way the NWMLS broadly defines condominiums. Sellers and buyers looking at a studio, one- or two-bedroom condo should not rely on the published statistics that are increasing skewed with the inclusion of single family houses and high-end townhomes.

Based on the published numbers in May, reports indicate the Seattle condo market is challenged. And, it is. However, looking at traditional condos, the market faired a little better last month with improvements in median selling prices. But, that is unlikely to be a trend and as we head into the second half of the year when the market cyclically softens.

Going forward, sellers will encounter differing dynamics based on price level and location. Outlying neighborhoods where there are fewer traditional condos and limited supply, will fair better. They may experience shorter selling times and better selling price to list price ratios. On the other hand, sellers around the downtown core may need to buckle in for longer selling time and fluctuating prices.

Buyers have a great opportunity to take advantage of the current marketplace. They presently have more choices and a stronger negotiating position, but don’t expect fire sale deals. The market is dependent on price level and location.

Seattle Condo Market Statistics May 2026

Source: Northwest Multiple Listing Service. Some figures were independently compiled by Seattle Condos And Lofts and were not published by the NWMLS.
© SeattleCondosAndLofts.com

The post May 2026 Seattle Condo Market Recap first appeared on Seattle Condos and Lofts.

This property is no longer for sale

Welcome home to this charming one-bedroom condo in the heart of Belltown! With a smart, well-thought-out layout and beautiful views of downtown Seattle, this home makes city living easy and enjoyable. The well-conceived design maximizes every square foot, creating a seamless flow between living, dining, and sleeping spaces. Large windows showcase the vibrant Seattle skyline, while the balcony provides ample outside space to enjoy a morning coffee and a peek of Elliott Bay.

The contemporary kitchen features granite tile counters, stainless steel appliances, a gas range and lots of storage. Enjoy the convenience of an in-unit washer and dryer, dedicated parking, and a storage unit – a must for city living. Building amenities include a community lounge, fitness center, guest suite and a rooftop deck with sweeping views of Puget Sound, Mt. Rainier, the Olympic Mountains, the downtown skyline and the Space Needle.

Step outside and explore some of Seattle’s favorite cafes, restaurants, and attractions. You’ll enjoy easy access to South Lake Union, Pike Place Market, Seattle Center, the Olympic Sculpture Park, the stadiums and the city’s thriving cultural scene. Whether you’re seeking a sophisticated primary residence or a stylish urban retreat, this Belltown gem delivers the quintessential Seattle lifestyle. Avenue One is pet-friendly with no rental cap.

Features include:

• 521 sq feet
• In-unit W/D
• Parking space
• Large extra storage unit
• Walkscore of 96 and a 92 Transitscore.
• Low $537 HOA dues – includes on-site staff, gas, water, sewer, garbage, recycling, earthquake insurance, common area maintenance and security

This modern condo home is offered at $345,000.

For more information and photos, visit Avenue One #809.

Learn more about this property! Drop us a note or inquire about this property or for a private showing at Avenue One.

The post Spotlight Listing – Belltown 1-BD at Avenue One first appeared on Seattle Condos and Lofts.

MLS# 2522009

This is the one you’ve been looking for – true two-story lofts are a rarity in Seattle, and more so in the South Lake Union district.

Veer Lofts is one of a dozen or so condominiums featuring full two-level loft living. This end unit offers something the others simply can’t: extra windows flooding the space with natural light, seventeen-foot ceilings that make every room feel expansive, and a dramatic wall of floor-to-ceiling windows creating a seamless connection between inside and out.

Rich bamboo floors warm the space, striking the perfect balance between modern edge and everyday comfort. Upstairs, a spacious lofted suite bigger than any comparable unit in the building offers a private retreat with a custom walk-in closet and primary ensuite. Downstairs, a versatile den with its own closet adapts to your lifestyle. Office, guest space, yoga studio, or flex use—you decide. Outside, your private patio is framed by lush greenery, making it the perfect spot to unwind and recharge.

When you’re ready to explore, everything is right at your doorstep. Steps from Amazon’s campus, South Lake Union’s incredible restaurant scene, and Lake Union’s waterfront kayaking, weekend strolls, and evenings at the Space Needle are all part of the package.

Unit and building amenities include:

• 975 square feet
• 1-bedroom + den, 2-baths
• Parking
• Extra storage
• Bike storage
• Pet washing station
• BBQ courtyard

This modern condo home is offered at $560,000.

For more information and photos, visit Veer Lofts #112

Learn more about this property! Drop us a note or inquire about this property or for a private showing at Veer Lofts.

The post Spotlight Listing: Veer Lofts #112 first appeared on Seattle Condos and Lofts.