Seattle WA Housing Market
Seattle WA 2026 Housing Market
February 2026 was a Seller's market! The number of for sale listings was up 34.2% from one year earlier and up 9.9% from the previous month. The number of sold listings decreased 13.4% year over year and increased 49.3% month over month. The number of under contract listings was up 55.1% compared to previous month and up 20.4% compared to previous year. The Months of Inventory based on Closed Sales was 2.5, up 55.1% from the previous year.
The Average Sold Price per Square Footage was up 5.5% compared to previous month and down 3.6% compared to last year. The Median Sold Price increased by 8.8% from last month. The Average Sold Price also increased by 7.4% 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, an increase of 3.6% 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)
February property sales were 406, down 13.4% from 469 in February of 2025 and 49.3% higher than the 272 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 262 units of 34.2%. 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 9.9% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 55.1% in the pended properties in February, with 543 properties versus 350 last month. This month's pended property sales were 20.4% higher 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 was Neutral*
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 $556 was up 5.5% from $527 last month and down 3.6% from $577 in February 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 February 2026 was 29, down 42% from 50 days last month and up 3.6% from 28 days in February 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 up 3.1% % from last month and down from 2% % 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 was Neutral*
The Average For Sale Price in February was $1,290,000, up 2.5% from $1,259,000 in February of 2025 and up 2.7% from $1,256,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in February was $1,102,000, down 1.4% from $1,118,000 in February of 2025 and up 7.4% from $1,026,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in February was $936,000, down 1.5% from $950,000 in February of 2025 and up 8.8% from $860,000 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 February 2026 Months of Inventory based on Closed Sales of 2.5 was increased by 55.1% compared to last year and down 26.2% compared to last month. February 2026 was Seller's market.
Months of Inventory based on Pended Sales
The February 2026 Months of Inventory based on Pended Sales of 1.9 was increased by 11.8% compared to last year and down 29.9% compared to last month. February 2026 was Seller'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.
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 February 2026 Absorption Rate based on Closed Sales of 39.5 was decreased by 35.4% compared to last year and up 35.7% compared to last month.
Absorption Rate based on Pended Sales
The February 2026 Absorption Rate based on Pended Sales of 52.8 was decreased by 10.4% compared to last year and up 41.1% 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.
