Market Intelligence Report — WA-040

Port Townsend, WA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WA-09
As of the latest 2026 data
Cooling

Median Listing

$700K
+0.1% YoY

Pending Ratio

0.36
+11.3% YoY

Active Inventory

202
+3.6% YoY

Median DOM

67 Days
+2.7% YoY

Primary Intelligence Tool — Sold Score™

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The Port Townsend, WA, market is currently in a cooling phase. The pending ratio stands at 0.36, indicating that demand absorption is not keeping pace with available supply. This ratio is below the threshold for more active market conditions, consistent with a decelerating environment.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Port Townsend market right now.

Active listings have seen a modest year-over-year increase of 3.6%, reaching 202 units. Concurrently, new listings have surged by 79.0% year-over-year, contributing significantly to supply. While the median listing price shows a slight year-over-year increase of 0.1%, average listing prices have declined by 2.2% over the same period, suggesting divergence in market segments. Days on market have also marginally extended by 2.7% year-over-year, reaching 67 days.

Historical Analysis

Market Trends

Median Price

$700K-0.7% MoM

Active Inventory

202+3.6% YoY

Days on Market

67+2.7% YoY

Sold Score™

43+11.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

43
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.36, the current environment indicates reduced urgency for transactions. The growth in active and new listings suggests increasing inventory pressure, which may afford prospective purchasers more time for consideration. This scenario generally necessitates greater price discipline from those bringing properties to market.

Luxury Segment

The average listing price has declined by 2.2% year-over-year, while the median listing price increased by 0.1%. This divergence, coupled with a 6.2% year-over-year decline in median $/sqft, suggests a softening within the higher-priced segments of the market.

Supply Dynamics

202 active listings represent the current floor, with new supply arriving at roughly 68 per month.

Pricing Pressure
21.0%

of active listings carry a price reduction, -0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -6.2% year-over-year.

Absorption
0.36

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Port Townsend, WA? Buyer Demand Index is running at 36%.

Buyers have leverage in Port Townsend, WA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
36%
Median Days on Market
67 days
Inventory YoY
+4%

In a buyer's market, strategy beats timing. See how your home scores in Port Townsend, WA and what moves the number.

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Metro Demographics

Metro Area
Port Townsend, WA
CBSA Code
39040
State
WA

ZIPs in Port Townsend, WA

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