Market Intelligence Report — WA-660

Seattle, WA

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

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

Median Listing

$750K
-3.2% YoY

Pending Ratio

0.32
-13.3% YoY

Active Inventory

12,712
+27.3% YoY

Median DOM

45 Days
+2.3% YoY

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The Seattle-Tacoma-Bellevue market is currently experiencing a "Cooling" condition, with a pending ratio of 0.32, indicating demand absorption is decelerating relative to available supply. Median listing prices have declined 3.2% year-over-year, reflecting pricing adjustments in the current 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.

Job Market

5.0%+0.4 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

4.16M+1.0% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

1,956+70.5% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Seattle market right now.

Active listings have seen a substantial year-over-year increase of 27.3%, contributing to the expanded supply. New listings also grew by 10.2% over the past year. Concurrently, the pending ratio declined by 13.3% year-over-year, signaling a decreased rate of contracts signed relative to available inventory. Median days on market slightly extended by 2.3% year-over-year, with 23.1% of listings having undergone price reductions.

Pacific Northwest tech hub with tight inventory in core neighborhoods.

Zack Hill
Keller Williams Realty

Local pricing and inventory dynamics across Seattle shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$750K-3.2% MoM

Active Inventory

12,712+27.3% YoY

Days on Market

45+2.3% YoY

Sold Score™

37-13.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

37
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 this "Cooling" environment, the expanded inventory levels and extended median days on market suggest diminished urgency for demand. The low pending ratio implies that inventory is not being absorbed rapidly, placing pressure on price discipline. Demand for properties is tempered, providing more time for consideration.

Luxury Segment

The average listing price of $1,098,486 significantly exceeds the median listing price of $750,000, suggesting a concentration of higher-value properties within the total listings. However, both average and median listing prices experienced identical year-over-year declines of 3.2%, with median $/sqft also contracting by 1.8%.

Supply Dynamics

12,712 active listings represent the current floor, with new supply arriving at roughly 4,760 per month.

Pricing Pressure
23.1%

of active listings carry a price reduction, +3.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.8% year-over-year.

Absorption
0.32

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Seattle, WA? Inventory is up 27% from last year.

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

Buyer Demand Index
32%
Median Days on Market
45 days
Inventory YoY
+27%

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

See my Sold Score & selling strategy

Talk to a listing expert who is actively selling in Seattle, WA.

Zack Hill

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

MSA Population
4M
Metro Area
Seattle–Tacoma–Bellevue
CBSA Code
42660
State
WA

ZIPs in Seattle, WA

Sorted by active inventory · click a ZIP for its full report

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