George Moorhead | Kirkland WA Housing Market Meta
Kirkland, WA June 2026 Housing Market
June 2026 was a Neutral market! The number of for sale listings was up 28.6% from one year earlier and up 11.7% from the previous month. The number of sold listings increased 31.3% year over year and increased 21.1% month over month. The number of under contract listings was down 20.6% compared to previous month and up 9.5% compared to previous year. The Months of Inventory based on Closed Sales was 3.1, the same as the previous year.
The Average Sold Price per Square Footage was up 12.4% compared to previous month and down 1.9% compared to last year. The Median Sold Price increased by 12.9% from last month. The Average Sold Price also increased by 25.5% from last month. Based on the 6 month trend, the Average Sold Price trend was "Appreciating" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a neutral trend, an increase of 107.1% compared to previous year. The ratio of Sold Price vs. Original List Price was 96%, a decrease of 1% compared to previous year.
Video edited on Kapwing
It was a Neutral Market
Property Sales (Sold)
June property sales were 109, up 31.3% from 83 in June of 2025 and 21.1% higher than the 90 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 74 units of 28.6%. 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 11.7% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 20.6% in the pended properties in June, with 81 properties versus 102 last month. This month's pended property sales were 9.5% higher than at this time last year.
All reports are published July 2026, based on data available at the end of June 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 was Appreciating*
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 June 2026 Average Sold Price per Square Footage of $791 was up 12.4% from $704 last month and down 1.9% from $806 in June of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral Trend*
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 June 2026 was 29, up 61.1% from 18 days last month and up 107.1% from 14 days in June of last year.
The Sold/Original List Price Ratio Remains Steady**
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 96% was down 3% % from last month and down from 1% % in June of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published July 2026, based on data available at the end of June 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 was Depreciating*
The Average For Sale Price in June was $2,046,000, down 9% from $2,248,000 in June of 2025 and down 9.7% from $2,267,000 last month.
The Average Sold Price was Appreciating*
The Average Sold Price in June was $2,192,000, up 10.1% from $1,991,000 in June of 2025 and up 25.5% from $1,747,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in June was $1,675,000, up 7.4% from $1,560,000 in June of 2025 and up 12.9% from $1,483,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Neutral Market*
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
Months of Inventory based on Closed Sales
The June 2026 Months of Inventory based on Closed Sales of 3.1 was the same compared to last year and down 6% compared to last month. June 2026 was Neutral market.
Months of Inventory based on Pended Sales
The June 2026 Months of Inventory based on Pended Sales of 4.1 was increased by 17.1% compared to last year and up 41.1% compared to last month. June 2026 was Neutral market.
All reports are published July 2026, based on data available at the end of June 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.
It was a Neutral Market*
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%
Absorption Rate based on Closed Sales
The June 2026 Absorption Rate based on Closed Sales of 32.7 was increased by 2.2% compared to last year and up 8.3% compared to last month.
Absorption Rate based on Pended Sales
The June 2026 Absorption Rate based on Pended Sales of 24.3 was decreased by 15% compared to last year and down 28.9% compared to last month.
All reports are published July 2026, based on data available at the end of June 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.
