Seattle Housing Market

Seattle’s housing market became more buyer-friendly over the past year as inventory increased, prices declined, and homes took longer to sell. Despite a typical spring pickup in activity, sales remained sluggish, giving buyers more negotiating power and leaving sellers facing greater competition.

June is typically one of the busiest months of the year for home sales. As is typical, Seattle saw modest seasonal gains in June, but activity remains muted, falling by 2.3% year over year. The area was one of the few top 40 markets nationwide to see home sales decline, along with San Jose, Philadelphia, and Atlanta. Condo sales saw the largest decline, falling 13.2% from a year earlier. Townhome sales dropped 5.1%, while single-family home sales experienced a more modest 0.2% drop. The slowdown in home sales came as softer employment and population growth weighed on demand, leaving fewer buyers competing across the market.

Seattle-area buyers had more options in June as the number of homes for sale rose 13.4% from a year earlier. Seattle stood out among Western U.S. markets such as San Francisco, Los Angeles, and Phoenix, where the number of homes for sale decreased over the year. Single-family home listings rose 12.3%, townhome listings increased 7.5%, and condo listings jumped 18.1%. Homes also took longer to sell than at any time in more than a decade, another sign that buyers are no longer rushing to snap up properties. A rise in listings means buyers have more time to compare options, and sellers face more competition.

Seattle is one of the most expensive housing markets in the nation, but it also saw the second-largest annual price decline in June, after San Jose. The median home sale price reached $758,000, down 3.1% from the same month last year. Condo prices fell the most, down 6.7% year over year. Single-family home prices dropped 4.4%, while townhome prices were 1.5% lower than a year ago. Higher living costs and a softer job market continued to weigh on many households, leading would-be buyers to hold back. With more homes available and fewer buyers competing for them, prices faced continued downward pressure.

The median home sale price in Seattle decreased by 3.1% compared to the same time last year, while the national median price rose by 1.5%.

Seattle median home prices decreased by $24,425 year over year on a nominal basis in June to $758,000. Meanwhile, the national median home price increased by $6,000 to $401,000.

Seattle was the sixth-highest-priced housing market among the top 40 largest markets last month. The Seattle median home price of $758,000 was 89.0% above the national median home price. Seattle's median home price in June compares to the market's peak of $782,425 recorded in June of 2025.

The median price of Seattle single-family homes fell by $36,725 over the past year to $800,000, while the median townhome price declined by 1.5%, and the median condo price fell by 6.7%.

The number of homes for sale in Seattle increased by 13.4% in June compared to the same time last year, while national homes for sale rose by 4.2%.

Seattle homes for sale rose by 1,846 year over year in June to 15,672 homes for sale. Seattle ranked eighth, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.

Seattle homes for sale were below their pre-pandemic levels in the month of June. Seattle homes for sale were 0.7% below the June 2019 total of 15,781.

Seattle single-family homes for sale grew by 12.3% to 11,637 in June. In comparison, townhomes for sale rose by 7.5% to 605, and condos for sale increased by 18.1% to 3,430.

The number of home sales in Seattle decreased by 2.3% in June compared to the same time last year, while national home sales rose by 6.1%.

Seattle home sales declined by 101 year over year on a nominal basis in June to 4,255. For context, 4,356 sales closed in Seattle in June 2025.

Seattle ranked 39th for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June decrease of 2.3% compares to the 4.7% year over year increase in June 2025.

Seattle single-family sales decreased by 0.2% in June to 3,546. In comparison, townhome sales fell by 5.1% to 129, and condo sales fell by 13.2% to 580.

For questions and commentary about this report:

Elliott Krivenko, Senior Director of Analytics at CoStar and Homes.com, based in Seattle, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Elliott Krivenko

Senior Director of Analytics

Homes.com

ekrivenko@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Seattle during June 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.