Seattle, WA
Monthly housing intelligence, market trends, and trusted local expertise.
Updated: April 2026
The Seattle-Tacoma-Bellevue market is stabilizing with a pending ratio of 0.51 alongside a substantial 32.3% year-over-year increase in active listings. Median listing prices experienced a marginal 0.8% month-over-month increase while still registering a slight -0.8% decline year-over-year.
Active listings have expanded considerably, up 32.3% year-over-year to 8,630, while new listings saw a modest 2.4% year-over-year increase. The pending ratio has declined by 20.4% year-over-year, reflecting a more balanced pace of absorption against increased inventory. Median days on market extended to 34, a 13.3% increase from the previous year, indicative of properties spending more time on the market. Median listing price trends indicate a nuanced environment with a slight monthly uptick against a modest annual decrease.
Pacific Northwest tech hub with tight inventory in core neighborhoods.
Market Signals & Indicators
The current market dynamics suggest a moderating pace of transactions, with increased inventory providing more options for prospective purchasers. The extended days on market and the softening pending ratio indicate that negotiating leverage is shifting, requiring sellers to exercise greater price discipline. Buyers are likely to find more opportunities for considered decision-making rather than facing rapid multiple-offer scenarios.
The average listing price declined by 1.1% year-over-year to $1,125,114, while the median listing price experienced a smaller year-over-year decline of 0.8%. This, alongside a 3.0% decline in median $/sqft, suggests a degree of softening at the higher price tiers, contributing to an elevated average-to-median price spread.
8,630 active listings represent the current floor, with new supply arriving at roughly 5,752 per month.
of active listings carry a price reduction, +1.8% from prior period.
Median price per square foot has moved -3.0% year-over-year.
Pending-to-active ratio — Stabilizing.
