February 2026 was a Neutral market! The number of for sale listings was up 33.3% from one year earlier and up 71.4% from the previous month. The number of sold listings increased 100% year over year and decreased 66.7% month over month. The number of under contract listings was down 100% compared to previous month and down 100% compared to previous year. The Months of Inventory based on Closed Sales was 6, down 33.3% from the previous year.
The Average Sold Price per Square Footage was down 12.7% compared to previous month and down 6.6% compared to last year. The Median Sold Price decreased by 16.2% from last month. The Average Sold Price also decreased by 25.4% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a neutral trend. The ratio of Sold Price vs. Original List Price was 94%, a decrease of 6% compared to previous year.
Video edited on Kapwing

February property sales were 2, up 100% from 1 in February of 2025 and 66.7% lower than the 6 sales last month.
Versus last year, the total number of properties available this month was higher by 3 units of 33.3%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 71.4% compared to the previous month.
There was a decrease of 100% in the pended properties in February, with 0 properties versus 1 last month. This month's pended property sales were 100% lower than at this time last year.
All reports are published March 2026, based on data available at the end of February 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The February 2026 Average Sold Price per Square Footage of $1,038 was down 12.7% from $1,189 last month and down 6.6% from $1,111 in February of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral

The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for February 2026 was 18, down 62.5% from 48 days last month.
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 94% was up 8% % from last month and down from 6% % in February of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published March 2026, based on data available at the end of February 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

The Average For Sale Price in February was $8,669,000, down 12.3% from $9,888,000 in February of 2025 and up 30.1% from $6,663,000 last month.
The Average Sold Price in February was $4,733,000, up 7.6% from $4,400,000 in February of 2025 and down 25.4% from $6,343,000 last month.
The Median Sold Price in February was $4,733,000, up 7.6% from $4,400,000 in February of 2025 and down 16.2% from $5,650,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral

A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s Market: More than 6 months of inventory
Seller’s Market: Less than 3 months of inventory
Neutral Market: 3 – 6 months of inventory
The February 2026 Months of Inventory based on Closed Sales of 6 was decreased by 33.3% compared to last year and up 411.4% compared to last month. February 2026 was Neutral market.
The February 2026 Months of Inventory based on Pended Sales of 12 was increased by 166.7% compared to last year and up 71.4% compared to last month. February 2026 was Buyer's market.
All reports are published March 2026, based on data available at the end of February 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
The February 2026 Absorption Rate based on Closed Sales of 16.7 was increased by 50.4% compared to last year and down 80.5% compared to last month.
The February 2026 Absorption Rate based on Pended Sales of 0 was decreased by 99.9% compared to last year and down 100.1% compared to last month.
All reports are published March 2026, based on data available at the end of February 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.