December 2025 Market Update

Wording:

Eastside median pricing fell 8% month over month and 7% year over year, which at first glance feels… alarming. But pricing is a nuanced (read: messy) metric. When you look at the rest of the market—2.4 months of inventory (balanced), nearly two-thirds of homes selling within 30 days, and 13% still selling over asking—the headline number likely overstates the actual softening.

Have prices slipped? Yes. Are they really down that much? I’m skeptical. Shifts like this are often about what sold, not just how the market is behaving. It could be that more lower-priced homes closed or that the higher-end market took a breather.

As always, one month doesn’t make a trend. We’ll keep watching the data. Time will tell.