Windermere is currently tilted toward sellers, with a market gauge of 6 out of 10 signaling a seller's market. Homes move quickly, spending a typical 9 days on market, and only about 22% of recent sales closed above list price. The average sale-to-list ratio sits just under full price at 0.995, suggesting buyers have limited room to negotiate.
Home values in Windermere are high compared to the broader Seattle market, with a typical home value of about $1,499,950 versus $865,000 citywide. Even though values in the neighborhood are down 3.54% year over year, they held flat month over month, while Seattle as a whole saw a 4.95% annual dip. Listing prices are rising sharply, with the median list price jumping to $1,800,000 in March and projected to reach about $2,106,262 next month.
Inventory is very tight, with only 6 homes on the market in March, even after a 100% month-over-month increase and a 50% gain over last year, and just 11 new listings and 10 pending sales recorded. Conditions like these, along with a projected inventory of only 7 homes next month, explain why sellers hold more leverage even as buyers look for opportunities in a cooling price environment. Whether buyers want to navigate limited choices or sellers hope to capitalize on strong list prices, Agent Pronto can connect both with a Windermere agent who understands these dynamics.
