Market Trends from Around the Sound | Q1-2026
Our latest Market Trends from Around the Sound report examines insightful data from the first quarter of 2026 across Seattle, King County, Pierce County and the broader Puget Sound region. As buyers and sellers continue adjusting to today’s market conditions, we are seeing a noticeable shift toward a more balanced and strategic environment, particularly as inventory levels rise across many neighborhoods and price points. While buyers are benefiting from more opportunities and flexibility than in recent years, sellers who thoughtfully prepare and position their homes are still experiencing strong results.
Lifestyle, architecture, neighborhood identity and long-term livability continue driving demand across the region, but buyers are moving with more discernment than they did during the market’s most competitive years. For those who spent the past several years navigating limited inventory and highly competitive conditions, this quarter’s data offers encouraging signs of a healthier market rhythm. Spring inventory levels increased across much of the region, creating more choices for buyers while reinforcing the long-term strength of lifestyle-driven markets like Seattle and Tacoma.
Explore our year-over-year comparison of helpful market data, including inventory levels, sales activity, and pricing trends throughout the Puget Sound region as we move into what is traditionally one of the busiest seasons in real estate. As always, we are here to guide you through your real estate journey, so please feel free to contact us when you are ready to put your plans into action.
Seattle | Single-Family Homes
Seattle’s single-family market saw inventory increase 29.09% year over year in Q1-2026, creating more opportunities for buyers compared to the highly constrained conditions of recent years. Even with additional inventory entering the market, well-positioned homes continue attracting strong interest, particularly in neighborhoods where lifestyle, design, and walkability remain major drivers of demand.
Seattle | Condominiums
Seattle’s condominium market experienced a more measured first quarter, with closed sales decreasing 12.61% year over year from 436 sales in Q1-2025 to 381 sales in Q1-2026. At the same time, the increase in available inventory may create additional opportunities for buyers seeking flexibility and long-term value in Downtown Seattle and surrounding urban neighborhoods.
King County | Single-Family Homes
One of the most notable shifts in King County during Q1-2026 was the increase in available inventory, with homes for sale rising 41.39% year over year. Inventory levels also increased from 1.9 months to 2.8 months of supply, creating a more balanced environment for buyers while still supporting healthy activity across the market overall.
Pierce County Single-Family Homes
Pierce County continued moving toward a more balanced market during the first quarter of 2026 as inventory levels increased from 1.8 months to 2.4 months year over year. The rise in available homes is creating more flexibility for buyers throughout Tacoma and the South Sound while continuing to support steady interest in the region’s lifestyle, relative value, and neighborhood character.