"The Seller's market on the Eastside and Seattle made a slight comeback in May 2019. On the Eastside, the absorption of rate, based on closed sales, was 42%, down 41% compared to May of last year. Per industry standards, an absorption rate above 33% signifies a Seller's market. The Eastside has rebounded since its lowest rate back in January (20%), but rates compared to a year ago are still dramatically lower. In Seattle, the absorption rate for May 2019 was 48%, down 55% compared to the same time last year. Seattle decelerated the same time the Eastside's market did, but held more steady, not dropping quite as far. With prices, in both markets, we continue to see a convergence between active prices and sold prices. Active prices continued to trend down while average sold prices inched up 1-3%. In May of 2019, the Eastside had 220 more homes for sale compared to May 2018 and Seattle had 108 more homes for sale in May 2019. This boost in supply is a major contributor to lower prices and longer market times (th
