🏠 21 Offers?! The market is heating up
If you’re hunting for a single-family home under ~$2M right now, buckle up. We have three clients submitting offers this week, and all three will be competitive even though the news is filled with layoff headlines.
To give you an idea of what we’re seeing on the ground:
- 3 offers on N 77th
- 9 offers on Dibble
- 10 offers on 6th Ave NW
- 21 offers on a 5-unit building (Investors are back!)
How to Win: We’re advising our clients to use escalation addendums, waive contingencies (as appropriate), and offer quick closings to stand out (hit reply, we have a lender who can close in 14-days.)
The "Anti-Bidding War" Strategy: Not interested in a 20-person fight? There are pockets of opportunity:
- The 14-Day Rule: Focus on homes that have been on the market for 2+ weeks.
- Go Vertical: The condo market remains a buyer's market. We can likely negotiate a significant discount.
The Super Bowl Lull: With the Seahawks in the Super Bowl this Sunday, expect a dip in new listings. This "quiet" will likely stretch through the MLK long weekend and mid-winter break for school-aged families.
Listings that caught our eye last week
- Most expensive pending: Medina new build at $7.75M
- Highest % over asking sale: Redmond split-level for 22% over
- Most expensive sale: Clyde Hill Mediterranean for $6.6M
- Most popular Seattle listing on Redfin: $1.4M North Shore midcentury modern
Must-read real estate news
- King County, WA eviction levels hit an all-time high, again (Seattle Times)
- Amazon layoffs hit thousands in the Seattle area (Seattle Times)
- Oberto executive buys Mercer Island homes for $5.5 million (PSBJ)
- Avenue Bellevue eyes prospective tenants as another retailer opens (PSBJ)
- Uber, Databricks in talks to lease most of Bellevue tower (PSBJ)
Last week was busy, but this week and next will be slow
Seattle: 313 new listings last week, up 11.4% w-o-w
Eastside: 159 new listings last week, down 18.5% w-o-w
Will buyer demand keep pace?
Seattle: 164 pending last week, down 4.1% w-o-w
Eastside: 126 pending last week, down up 18.9% w-o-w
Check out last week’s market update, Things are warming up + we went viral?
And don’t miss our next update, sign up for our weekly newsletter.
More like this
”
🏠 The September Paradox: Highest Supply in 15 Years, Baffling Prices
Halfway through the fall season (with just four weeks to go, including this one), September’s pricing data is officially in, and it’s a bit baffling. The median price in both Seattle and on the Eastside went up from August, even as the total number of homes for sale hit a 15-year high. When you put […]
Matt Goyer
October 7, 2026
”
🏠 “We’re so f—–” but buyers haven’t given up
“We’re so f———.” That was the email I got from another agent after last week’s newsletter. At the time, mortgage rates were at 7.17%. Today, they’re at 7.6%. You’d expect buyers to hit the brakes. But did they? Last week, buyers across Seattle and the Eastside put 314 homes under contract. Compare that to 351 […]
Matt Goyer
October 1, 2026
”
🏠 Early fall market signals (+ a $71M new listing)
After a massive wave of new listings over the past two weeks, how many more will we see? Are any buyers out there? Early signals for the fall season: sellers far outnumber buyers (see the graphs below), and prices will likely be coming down once we have data for September and October. Here’s what we’re […]
Matt Goyer
September 23, 2026
