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The region’s housing market opened the year in a more balanced position, shaped by rising inventory, shifting buyer activity, and continued price adjustments across local markets. While affordability remains a central challenge, expanded housing supply and early signs of renewed buyer interest are beginning to influence market dynamics.
KING COUNTY
In January, King County’s median single-family home price dipped 1% year over year and 6% month over month to $850,000. Active listings climbed 31% from last year, giving buyers more choice than last winter. Buyer interest showed signs of reawakening coming out of the holidays, with pending sales up an impressive 37% month over month, signaling early momentum ahead of spring. Closed sales lagged, falling 4% from last year, showing that overall transaction volume remained softer despite improving buyer activity. In the condo market, the median sold price slipped 16% year over year to $502,475, even as listings grew 18%.
SEATTLE
Seattle began 2026 with clear signs of growing market balance. January’s median residential sold price slipped 1% year over year and 7% month over month to $850,000, while inventory rose 30% from last January. Although pending sales were down from last year, the 36% month-over-month increase points to renewed buyer activity heading into spring. Closed sales held steady compared to last year, indicating consistent underlying demand. For Seattle condos, the median price dropped 19% year over year to $557,000 as inventory climbed 22%.
EASTSIDE
Last month’s median residential sold price on the Eastside fell 16% year over year to $1,435,000, while active listings climbed 49% from last January and 19% month over month, suggesting both a market in transition and that sellers remained active despite seasonal factors. Buyer activity showed notable strength, with pending sales up 26% year over year and surging 69% from December—a sign that improved selection and pricing may be drawing buyers back in. Closed sales edged 4% higher than last year despite the much more crowded market. The median sold price for condos slipped 15% year over year to $628,000 and active listings increased 21%.
SNOHOMISH COUNTY
In Snohomish County, January’s median price for a single-family home declined 7% year over year and 6% month over month to $715,000. Active listings rose 39% from the same time last year and 10% from December. Buyer interest showed early signs of improvement, with pending sales increasing 29% month over month, even as closed sales fell 24% year over year, reflecting a thinner pipeline of completed transactions. In the county’s condo market, the median price dropped 18% to $470,000 as active listings rose 16%.
As the market moves deeper into the first quarter, inventory levels and buyer response will be key indicators to watch. Rising pending sales activity in several areas suggests that buyers are beginning to re-enter the market as pricing and selection improve. Whether this momentum carries forward will depend largely on interest rate stability and broader economic confidence. In a market defined by nuance, the expertise of a Windermere advisor is essential for understanding the latest changes in today’s real estate market.
EASTSIDE
KING COUNTY
SEATTLE
SNOHOMISH COUNTY
VIEW FULL SNOHOMISH COUNTY REPORT
This post originally appeared on GetTheWReport.com.
