June 2026 Overview
MARKET UPDATE
Inventory Continues to Expand as Summer Home Sales Gain Momentum
July 2, 2026
Active Listings
The total number of properties listed for sale increased
16.4% year over year, with 23,088
active listings on the market at the end of June 2026,
compared to 19,837 at the end of June 2025.
Month over month, active inventory increased by nearly 8.0%,
up from 21,381 in May 2026.
Buyers had access to more than 1,700 additional homes
than the previous month, continuing a trend of rapidly expanding inventory
across the Northwest MLS service area.
Nearly all NWMLS counties experienced year-over-year inventory growth.
The five counties with the largest increases were
Okanogan (+39.8%), Skagit (+37.1%),
Walla Walla (+30.4%), Thurston (+29.3%),
and Snohomish (+29.2%).
New Listings
NWMLS brokers added 11,617 new listings to the database
in June 2026. That represented a year-over-year increase
of nearly 6.0% compared to
June 2025 (10,965). However, new listings decreased
7.5% from May 2026, when
12,562 listings were added to the NWMLS database.
Although fewer homes were listed in June than in May, sellers continued
to bring more homes to market than they did a year ago, giving buyers
more options.
Pending Sales
There were 7,680 residential and condominium units
under contract in June 2026, a
1.6% decrease compared to
June 2025 (7,801). Pending sales also declined
6.0% from May 2026, when
8,168 listings were under contract.
Closed Sales
Closed sales increased 2.3% year over year, with
6,847 residential and condominium transactions
completed in June 2026, compared to
6,694 in June 2025.
Month over month, closed sales increased 10.2%,
up from 6,213 in May 2026.
The total dollar value of closed sales in June 2026
was $5.23 billion for residential homes and
$463.8 million for condominiums, for a combined
total of $5.69 billion.
The increase in closed sales reflects continued buyer activity as the
summer market got underway, with more transactions closing than in both
the previous month and a year ago. Despite a growing supply of homes on
the market, buyers continue to purchase homes across the Northwest MLS
service area, contributing to a more balanced housing market.
Months of Inventory
A balanced market is generally considered to have four to six months
of inventory. At the current pace of sales, it would take approximately
3.37 months to sell every home currently listed in the
NWMLS service area, down slightly from 3.44 months in May.
The counties with the lowest months of inventory were
Kitsap (2.15), Cowlitz (2.47),
Clark (2.56), Pierce (2.66), and
Snohomish (2.74), indicating tighter market conditions
in those areas.
Although months of inventory edged lower in June as sales activity
increased, buyers continue to have substantially more homes to choose
from than they did a year ago. Inventory levels remain below balanced
market conditions in many counties, but the continued increase in the
number of homes for sale is providing buyers with more choices and
greater negotiating opportunities than they have seen in recent years.
Median Sales Price
The median sales price for residential homes and condominiums sold in
June 2026 was $650,000, unchanged
from May 2026, but a 3.0% decrease
compared to June 2025 ($670,000).
Despite continued inventory growth throughout the region, home prices
remained stable from May to June. The combination of increased inventory
and relatively flat pricing may create opportunities for buyers who have
faced limited housing supply in recent years.
The counties with the highest median sales prices were
San Juan ($1,012,500), King ($889,000),
and Snohomish ($725,500), while the lowest median prices
were recorded in Adams ($226,000),
Columbia ($244,900), and Wahkiakum ($268,000).
San Juan County recorded the highest median sales price in the NWMLS
service area at just over $1.0 million, more than
4.5 times higher than Adams County’s median price of
$226,000, highlighting the significant variation in
housing prices across Washington.
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