Is the housing market slowing down in Seattle, WA?
Yes — sales activity in Seattle, WA is down. 2,973 homes sold during May 2026, against 3,214 in the same months a year earlier, a drop of 7%.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
The change clears both tests we require before naming a direction: it is more than 3% in relative terms, and it is larger than the ordinary month-to-month variation you would expect on a market that sells 2,973 homes at a time.
The longer view, all measured over the May window so the season is held constant: 3,599 homes sold two years ago, 3,214 last year, 2,973 now. Activity is meaningfully below where it was two years ago.
What is on the shelf next to what is selling: 7,957 homes were on the market in Seattle, WA, and 2,973 sold. At that pace it would take about 2.7 months to clear them all. There are more buyers than homes for sale. Sellers have the edge.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Seattle, WA area, through May 2026.
Are you the agent for Seattle, WA?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
More about the Seattle, WA market
- When is the best month to sell a house in Seattle, WA?
- How long does it take to sell a house in Seattle, WA?
- Do homes sell above asking price in Seattle, WA?
- Are home prices going up or down in Seattle, WA?
- Is Seattle, WA a buyer's market or a seller's market?
- Are sellers cutting prices in Seattle, WA?
- What is the average home price in Seattle, WA?
- How many homes are for sale in Seattle, WA?
- All Seattle, WA housing numbers
Other markets
- Is the housing market slowing down in Tacoma, WA?
- Is the housing market slowing down in Spokane, WA?
- Is the housing market slowing down in Kennewick, WA?
- Is the housing market slowing down in Bremerton, WA?
- Is the housing market slowing down in Olympia, WA?
- Is the housing market slowing down in Bellingham, WA?
- Is the housing market slowing down in Yakima, WA?
- Is the housing market slowing down in Wenatchee, WA?
Figures come from Redfin's published market data for the Seattle, WA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.