Market Intelligence Report — WA-660

Seattle, WA

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

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

Median Listing

$750K
-2.4% YoY

Pending Ratio

0.30
-14.0% YoY

Active Inventory

13,078
+28.5% YoY

Median DOM

51 Days
+9.7% YoY

Primary Intelligence Tool — Sold Score™

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The Seattle-Tacoma-Bellevue market is currently Cooling. The pending ratio stands at 0.30, down 14.0% year-over-year, alongside a 28.5% year-over-year increase in active listings. Median listing prices have remained stable month-over-month at $749,970.

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

4.9%+0.0 pp YoY

Unemployment rate · Sep 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

753-46.1% YoY

Building permits (private housing units) · Sep 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.

Inventory expanded significantly, with active listings rising 28.5% year-over-year to 13,078 units, while new listings decreased by 7.4% over the same period. Demand indicators show notable softening, as the pending ratio declined 14.0% year-over-year to 0.30. This confluence of rising supply and waning demand contributed to a 2.4% year-over-year decrease in the median listing price, reflecting a broader deceleration in market dynamics.

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+0.0% MoM

Active Inventory

13,078+28.5% YoY

Days on Market

51+9.7% YoY

Sold Score™

38-14.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

38
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

Negotiating leverage is shifting as inventory levels rise and demand indicators weaken. The extended median days on market, now at 51 days, suggests a slower pace of transactions. A quarter of listings are experiencing price reductions, reflecting an adjustment in price discipline amidst increasing supply pressure.

Luxury Segment

The average listing price of $1,078,896 is substantially higher than the median listing price of $749,970, indicating a segment of higher-priced properties. Additionally, the median $/sqft saw a 2.5% year-over-year decline to $427, and the average listing price experienced a 3.1% year-over-year decrease, suggesting some softening in the higher-price tiers.

Supply Dynamics

13,078 active listings represent the current floor, with new supply arriving at roughly 4,676 per month.

Pricing Pressure
25.0%

of active listings carry a price reduction, +4.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.5% year-over-year.

Absorption
0.30

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Seattle, WA? Homes here are taking 5 days longer to sell than 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
30%
Median Days on Market
51 days
Inventory YoY
+29%

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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