Seattle Condos in Free Fall: What's Really Happening? Artwork

Getting Your Edge: How to Downsize Your Home.

Life Happens to Everyone! These events can force changes in how and where you live. How you react and manage those events is what matters.

Join Judy Gratton and Dennis Day, two agents with over 30 years combined experience in real estate, as they provide you insights into managing the twists and turns life throws at you, so you can land on your feet and in the right place.
Whether you need to downsize from your forever home, upsize to handle a growing family, or moving an aging parent into a safer setting, the “Downsize" Podcast will share the information you need to be ready.

Using their personal experiences and interviews with experts in a variety of fields, like: financial planning, estate sales, or living abroad, our hosts will dish out the information and advice that will help you take on life’s challenges informed and prepared. For more information about the Edge Group Real Estate Team:
www.EdgeGroupTeam.com

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Getting Your Edge: How to Downsize Your Home.

Seattle Condos in Free Fall: What's Really Happening?

January 27, 2026 • Judy Gratton and Dennis Day • Season 4 • Episode 70

This podcast discusses the current struggles in the "housing market", attributing them to high mortgage rates, HOA fees, insurance costs, and overall "economic news" as of December 2025. It also provides a year-over-year recap showing price decreases in King County and Snohomish, with a detailed "real estate market analysis" of the condo market. The video highlights how "condo prices" have been impacted as supply has outpaced demand since 2018, making "home buying" a complex decision amidst rising "inflation".

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Dennis Day: 0:00

So why are condo sales struggling? Well, high mortgage rates, high hoa fees, high insurance cost, and economic uncertainty. It's Dennis from the Edge Group team, and welcome to Getting Your Edge, How to Downsize Your Home and Life. And we are here with the final podcast of 2025. This is episode number 70 over the course of three years, and we want to take a look at a couple of things. One, we're gonna look at the October to November 2025. We're gonna look at a year over year, and we're also gonna look at a 10-year average and compare this to what's been happening in the real estate market. So without further ado, let's get going. Here's a recap of the residential real estate market, Snowhomish County, King County, year over year, November 24 to November 25. King County prices are down 1.9%. Snohomish County minus 4.2%. Condo is a little bit of the same, just a bit more extreme with a negative pricing of 13% in King County and minus 8.2% in Snohomish County. Days on the market trending up. King County plus 35.7%. Snohomish County plus 60%. This is a clear indication of a softening real estate market for sellers. Days from the market for condos. Same trend going up in King County 22.7%, but going down in Snohomish County, meaning you'll sell your condo faster than last November if you live in Snohomish County. Confirmation of these trends comes from the Seattle Rennie Advance Report. This is an organization coming from British Columbia, but they report on the Seattle area mark. It's an info-packed report detailing all the latest trends. The real estate market is cyclical, so we're used to sales dropping off between October and November. But the closed sales across King County were down 30% over the usual month-to-month drop that we see in that time period. Double the typical October to November sales decline of 15%. Sales decline 15% relative to November 2024. Both single family homes were down 16%, and the town homes were down 8%. Now here it gets interesting because we have sales at 30 per 6% lower than the prior November average, which is the largest gap for a long-term average so far this year. Condos were the farthest below average at negative 41% drop, followed by single-family homes at 37 townhomes. So why are home sales declining? High prices, government shutdown, layoffs, Starbucks had a thousand laid off, Amazon 2,200 in this area. And according to the Seattle Times, despite interest rate drops as the economic concerns snowball, people are putting off what could be their biggest investment of their life until things are more certain. The supply of condos in November outpaced buyer demand by more than any time since 2018. Active listings are up 16% in King County and 51% year over year in Snowhomish County. So why are condo sales struggling? Well, high mortgage rates, high HOA fees, high insurance cost, and economic uncertainty. This is the last episode for 2025 for Getting Your Edge How to Downsize Your Home and Life podcast. I'm your host, Dennis Day, wishing you happy and a wonderful new year. We'll see you in 2026. Thanks so much. Bye bye.