As of May 2025, Seattle’s condominium market shows signs of cautious stability. While low-rise and mid-rise properties experienced pricing pressure, the latest Polaris Pacific report showed that high-rise buildings demonstrated resilience. Sales activity remained healthy in the resale sector, though new construction sales dropped below historical norms. Buyer composition continues to shift, with fewer all-cash and investor-driven transactions, signaling a more selective market climate. Seattle’s overall condo resale performance saw measured gains, with the median resale price reaching $717,500 — a 1.8 percent increase from April 2024. This figure sits well above the 10-year average of $574,987, underscoring the market’s long-term appreciation. Existing condo sales climbed 5.6 percent year-

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