Market Intelligence Report — WA-040

Port Townsend, WA

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

Ref. No: 2026-WA-08
As of the latest 2026 data
Cooling

Median Listing

$705K
+0.9% YoY

Pending Ratio

0.30
+4.6% YoY

Active Inventory

207
+7.2% YoY

Median DOM

72 Days
+22.0% YoY

Primary Intelligence Tool — Sold Score™

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The Port Townsend, WA market is currently in a cooling phase, characterized by a pending ratio of 0.30. This indicates moderate demand absorption relative to available supply. Active listings have expanded by 7.2% year-over-year, contributing to the shift.

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.

Inventory levels have risen, with active listings increasing by 7.2% over the past year. Concurrently, the pending ratio, a measure of demand, stands at 0.30, reflecting a market where supply is outpacing current demand. Median listing prices have shown minimal appreciation, with a 0.9% increase year-over-year, while the average listing price has declined by 5.0% over the same period. Median days on market extended by 22.0% year-over-year, suggesting properties are taking longer to transact.

Historical Analysis

Market Trends

Median Price

$705K+0.8% MoM

Active Inventory

207+7.2% YoY

Days on Market

72+22.0% YoY

Sold Score™

36+4.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

36
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

In the prevailing market conditions, negotiating leverage is shifting, with a slower pace of absorption. The increased inventory and longer marketing periods suggest that buyers may experience greater flexibility in terms of price and contract terms, while sellers may need to exercise greater price discipline.

Luxury Segment

The luxury segment shows signs of softness, with the average listing price declining by 5.0% year-over-year, notably diverging from the more stable median listing price. Additionally, the median price per square foot has decreased by 4.3% over the past year, indicating pricing adjustments at higher tiers.

Supply Dynamics

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

Pricing Pressure
21.8%

of active listings carry a price reduction, +0.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.3% year-over-year.

Absorption
0.30

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Port Townsend, WA? Homes here are taking 13 days longer to sell than last year.

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
30%
Median Days on Market
72 days
Inventory YoY
+7%

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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