Seattle Tech Slowdown Hits Condo Market
Seattle Condo Market Snapshot: Prices, Sales, Inventory Uncertainty is showing up in Seattle’s condo pricing as last year’s peak conditions faded. September 2025’s median fell to $525,000 from $575,000. Average time on market stretched to 50 days by September 2025, underscoring a slower pace than 2022–2023. Tightening financing amid high interest rates is also contributing to broader housing market strain as development timelines slip. Price Disruption January 2026’s citywide median was $577,000, a 19.3% drop from January 2025’s $689,975. The 2025 median sale price was $585,000. Traditional condos posted a $445,000 median, down 12.9% year over year. Non-traditional condos measured $775,000, down 5.8%. Sales and Inventory Strain Sales velocity weakened. September 2025 logged 189 sales, and January 2026 fell to 142. Active inventory rose 21.6% year over year, with months of supply jumping to 5.4. New listings pushed September inventory to 2.9 months, a high. List-to-sale stayed at 99.4...