Tech layoffs just crashed home sales in the city that started them all

Pending home sales in Seattle fell 15.6% in a single month — the worst drop of any major U.S. metro — and realtors say it's fear of layoffs, not… Aliteq Priya Nair · Software & Systems Editor

Seattle pending home sales: -15.6% year-over-year in July 2026, worst of any major U.S. metro

Closed home sales in Seattle also fell 9.1%, among the five steepest declines nationwide

Seattle's median home price is $809,479 — almost exactly double the $408,795 national average

Amazon cut 16,000 corporate roles in 2026, on top of roughly 14,000 the year before

Microsoft cut about 15,000 jobs across 2025, then another 4,800 in 2026 — 1,600 of those from Xbox

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