Mortgage rates are at their highest point since January 2025, and we just logged the busiest week for new listings in the eight years we’ve been tracking this data—the only week on record to cross the 500 mark. Supply is surging while demand remains soft, putting immediate pressure on sellers. With the fall market wrapping up by late October, we'll quickly learn who is truly motivated to sell and who will choose to wait. While I’m usually an optimist, next year is already giving me pause. Is it giving you pause?

Top 3 listing weeks (8-year tracking history)

• 2026: 531 listings (Sep 5 – Sep 11): A new Record
• 2021: 497 listings (May 15 – May 21)
• 2018: 478 listings (Sep 8 – Sep 14)

Team updates

• New Listing: We just brought a great home in Washington Park to market for $2.1M.
• Price Adjustment: The Hammer House is now priced at $2.4M.
• Just Closed: Congrats to our buyers (who found us on YouTube!) on getting the keys to their new home at Bellevue Towers
• Under Contract: Another YouTube buyer is under contract at The Welch.

🏠 Homes we just listed

• A beautifully updated Washington Park Craftsman on a tree-lined street

🏠 Homes we’re selling

• An end-of-dock floating home with front-row views down the Montlake Cut
• Own your own deep-water dock slip on Lake Union
• Penthouse living atop Bellevue Towers, with views for days
• A blank canvas in West Seattle
• A spacious Belltown condo with Puget Sound and Space Needle views
• The "Hammer House," an Olson Kundig masterpiece in Madrona
• A completely transformed Eastlake floating home with rooftop deck views
• A brand new Madison Valley home
• A flexible 2-bed townhouse with rooftop city views
• A rare Kingsgate tri-level, first time on the market in 25 years
• Corner unit at the Emerald
• Build your dream home on Perkins Lane
• A Westlake houseboat

Wonder what your home is worth? Just hit reply.

🍿 Our Latest YouTube Video

🏠 Listings That Caught Our Eye Last Week

• Most expensive pending: $8.75M Edwin Ivey Estate on North Capitol Hill
• Highest % over asking sale: $1.11M Loyal Heights Home
• Most expensive sale: $9M Gated Estate in Clyde Hill
• Least expensive sale: $207K Studio at Tobira Downtown
• Most popular Seattle listing on Redfin: $659K Refreshed Gatewood Classic

📰 Must-read real estate news

• Author Garth Stein lists longtime Mount Baker home for nearly $2.5M (PSBJ)
• Where Seattle’s single-family home rentals are disappearing fastest (The Seattle Times)

Record number of new listings

Seattle: 531 new listings last week, up 144.7% w-o-w
Eastside: 378 new listings last week, up 111.17% w-o-w

Buyer demand was slow post-holiday weekend

Seattle: 111 pending last week, down 29.3% w-o-w
Eastside: 106 pending last week, down 15.2% w-o-w

$12M Métrica-Designed Estate in Clyde Hill

$4.95M Mid-Century Estate in Broadmoor

$4.5M in West Bellevue

$2.4M in Mt Baker

$1.55M Mid-Century Retreat in Olympic Manor

$1.449M Mid-Century Gem Near Seward Park

Check out last week’s market update Seattle prices stop defying gravity

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