New listings have increased for Seattle homebuyers

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Real Estate

Is relief finally beginning to materialize for Puget Sound homebuyers? There might be reason for cautious optimism, according to a new market report.

During June, the area saw a significant increase in new listings compared to the previous month, according to the most recent data from the Northwest Multiple Listing Service. Active listings for the region at the end of the month reached a peak of 6,358, the highest level since November 2020. For all of King, Pierce, and Snohomish counties, listings for both single-family homes and condominiums were up 14.5% compared to May levels.

"Homebuyers will be happy to hear that between May and June the number of listings in King, Pierce, and Snohomish counties rose, giving them more homes to choose from and possibly easing the pressure just a little," said Matthew Gardner, chief economist at Windermere Real Estate in a news release Wednesday.

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