Your dry suit is fine. Water only beads on goretex or similar waterproof breathable fabrics if there is a water repellant coating. This is applied at the factory. It wears off first in high friction areas. Congratulations you must have been rotating nicely. The goretex membrane is still waterproof even though the water no longer beads on it. However, because the outer fabric can now be saturated with water, it feels cold from the inside, and in fact is cold when exposed to the air thanks to evaporative cooling. Condensation inside the dry suit will form with physical activity as there is a limit to how much water vapor can pass through the membrane. Condensation collects the most in the but because it is cold, because it is against the wet seat and can't breathe, and because gravity causes it to trickle down there.
There are many products out there to rejuvenate the waterproof finish, but i suspect none will last long under the butt.
Current Skis: Nelo Vanquish AIR, Epic V10g4, NK 670 double, NK exrcize, Carbonology Feather, Think Jet, Knysna Sonic X
Former Skis: Epic v10g3, Kai Waa Vega, Epic V12 g2, Epic V12 g1, Epic v10 double, Nelo 550 g2, Fenn Elite S, Custom Kayaks Synergy