Seattle WA Housing Market
Seattle WA 2026 Housing Market
April 2026 was a Seller's market! The number of for sale listings was up 24.6% from one year earlier and up 13.2% from the previous month. The number of sold listings increased 0.2% year over year and increased 6.7% month over month. The number of under contract listings was up 8.4% compared to previous month and up 7.3% compared to previous year. The Months of Inventory based on Closed Sales was 2.1, up 23.4% from the previous year.
The Average Sold Price per Square Footage was up 2.3% compared to previous month and down 0.8% compared to last year. The Median Sold Price increased by 3.7% from last month. The Average Sold Price also increased by 1.1% from last month. Based on the 6 month trend, the Average Sold Price trend was "Appreciating" and the Median Sold Price trend was "Appreciating".
The Average Days on Market showed a downward trend, an increase of 31.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 100%, a decrease of 2% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
April property sales were 621, up 0.2% from 620 in April of 2025 and 6.7% higher than the 582 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 261 units of 24.6%. 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 13.2% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 8.4% in the pended properties in April, with 659 properties versus 608 last month. This month's pended property sales were 7.3% higher than at this time last year.
All reports are published May 2026, based on data available at the end of April 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 April 2026 Average Sold Price per Square Footage of $584 was up 2.3% from $571 last month and down 0.8% from $589 in April of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Downward 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 April 2026 was 21, down 19.2% from 26 days last month and up 31.3% from 16 days in April 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 100% was down 1% % from last month and down from 2% % in April of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published May 2026, based on data available at the end of April 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 Neutral*
The Average For Sale Price in April was $1,271,000, down 2.6% from $1,305,000 in April of 2025 and up 0.6% from $1,263,000 last month.
The Average Sold Price was Appreciating*
The Average Sold Price in April was $1,210,000, up 0.8% from $1,200,000 in April of 2025 and up 1.1% from $1,197,000 last month.
The Median Sold Price was Appreciating*
The Median Sold Price in April was $985,000, down 1.5% from $1,000,000 in April of 2025 and up 3.7% from $950,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Seller's 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 April 2026 Months of Inventory based on Closed Sales of 2.1 was increased by 23.4% compared to last year and up 5% compared to last month. April 2026 was Seller's market.
Months of Inventory based on Pended Sales
The April 2026 Months of Inventory based on Pended Sales of 2 was increased by 17.4% compared to last year and up 5.2% compared to last month. April 2026 was Seller's market.
All reports are published May 2026, based on data available at the end of April 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 Seller's 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.
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The April 2026 Absorption Rate based on Closed Sales of 47 was decreased by 19.5% compared to last year and down 5.6% compared to last month.
Absorption Rate based on Pended Sales
The April 2026 Absorption Rate based on Pended Sales of 49.8 was decreased by 14% compared to last year and down 4.4% compared to last month.
All reports are published May 2026, based on data available at the end of April 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.
