Market Trends From Around The Sound | Q1-2026
Realogics Sotheby’s International Realty (RSIR) presents Market Trends From Around the Sound, the latest quarterly report examining the most relevant data from 13 of the Puget Sound region’s communities.
The report tracks year-over-year changes in the market trends that will inform buyers, sellers, and investors as they plan their own real estate ventures in the months ahead. From median sales prices to the average time listings spent on the market, readers can see how particular markets performed compared to the same time last year.
The market continued to rebound after a long period of low supply, with most communities analyzed seeing a double-digit percentage increase in the number of homes listed for sale compared to Q1-2025. Demand varied across counties, with some areas seeing a slight uptick in the number of homes sold and others showing a decline, indicating hesitancy amongst some buyers to make their moves.
As elevated mortgage interest rates, economic obstacles, and a continued supply shortage create barriers for both buyers and sellers, one thing remains certain: the Puget Sound continues to be one of the most desirable areas to purchase property in. With access to the waterfront, city amenities, job opportunities, and the host location to upcoming global events (including the World Cup games this summer), the market is primed for a successful 2026.
Reach out to an RSIR Global Real Estate Advisor to use these insights to your advantage as you plan your next move.
Seattle | Single-Family Homes
Buyers who made their moves in the city in Q1-2026 did so amongst increased inventory, with a 29.09% year-over-year increase in homes for sale.
Bainbridge Island | Single-Family Homes
The market is highly desirable, with 2.4 months of inventory in Q1-2026 creating a seller’s market, which was down from 3 months in Q1-2025.
Eastside | Single-Family Homes
The most dramatic difference between the two years’ first quarters was witnessed in the number of homes for sale, which increased by 61.79% year-over-year from 602 homes to 974 homes in Q1-2026.
Mercer Island | Single-Family Homes
Although the median sales price experienced a year-over-year decrease, from $2,937,000 to $2,370,000, the average price per square foot increased by 14.29% year-over-year from $840 to $960.
Gig Harbor | Single-Family Homes
After a period of stretched supply, with just 1.7 months in Q1-2025, a 51.06% year-over-year increase in homes for sale restored some balance.
King County | Single-Family Homes
A 41.39% year-over-year increase in the number of homes for sale was a welcome reprieve, boosting the level of supply from 1.9 months to 2.8 months.
Seattle | Condominiums
The number of homes sold was down by 12.61%, decreasing from 436 condominiums to 381 condominiums.
Eastside | Condominiums
Similar to the single-family residence market, the condominium market saw an increase in supply, with a 35.2% year-over-year increase in homes for sale.
Kitsap County (Excluding Bainbridge Island) | Single-Family Homes
Compared to other communities analyzed in our reporting, Kitsap County did not see a notable increase in inventory, with the number of homes for sale increasing just 2.45% year-over-year.
Island County | Single-Family Homes
There was minimal change between the Q1-2025 and Q1-2026 median sales prices, which increased by less than 2% from $588,000 to $597,000.
Pierce County | Single-Family Homes
An increase in homes listed for sale and a decrease in homes sold led to more months of inventory in Q1-2026 than were witnessed in Q1-2025, rising from 1.8 months to 2.4 months.
Snohomish County | Single-Family Homes
Similar to many of the other communities analyzed in the report, Snohomish County saw an increase in the average days on market, rising from 35 to 48 days.
Cle Elum | Single-Family Homes
A 14.06% year-over-year increase in homes for sale created ample inventory to choose from, and there was not a rush to make a hasty decision during home searches, with homes spending an average of 118 days on the market.