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What will the real estate market in Seattle be like in the next few months in 2026? Has inventory increased, or will there continue to be a shortage in housing supply?
There are so many questions that Seattle home buyers have about the housing market in the city. And one of those questions is, how much inventory will they have to choose from in 2026?
After all, the housing supply plays a key role in the temperature of the market and what the average price of homes in Seattle are. There are some new trends and developments to report.
Seattle’s housing inventory has been building gradually but remains relatively tight, especially compared with a balanced market. Recent data from the Northwest Multiple Listing Service shows active listings have grown year-over-year, with Seattle posting well over 10,000 homes on the market in early 2026, up roughly 20–23% from the prior year as more sellers list their homes.
Higher inventory has helped buyers see more options and eased some competitive pressures compared with the ultra-tight conditions of the past few years, but supply hasn’t fully returned to pre-pandemic norms.
Despite the increase in supply, inventory levels measured in months of supply are still modest — typically around 2.5 to 3 months across much of the metro — meaning available homes would sell in roughly 2–3 months at current sales rates, which still favors sellers.
As far as the Seattle Metro Area is concerned, there is only a 2.4-month supply of available homes for sale.
The news is much more dire in the surrounding King County. There is just a 2.8-month supply of homes available for sale in King County, leaving buyers with little to choose from. Based on this, there are fewer homes being listed on the market, and therefore fewer homes for buyers in Seattle to choose from.
This means that home buyers today do not have as many properties to choose from. This shortage in inventory has made Seattle a very competitive housing market right now, according to Redfin.
Most homes are receiving multiple offers and are selling for about 1% below the asking price, on average. Homes are going pending in an average of 34 days, while hot properties are selling in as little as 7 days at sale prices at the listing price.
But it will be interesting to see what the housing market continues to do going forward. In the meantime, home prices are still high in Seattle at a current average home price of $832,857, as per Zillow, though they’ve actually dipped YOY. That said, forecasts suggest that prices will inch up over the coming months.
Related: Seattle vs. Portland home prices
Disclaimer: This article contains data and forecasts provided by third parties outside of our company. Housing and economic forecasts should be viewed as an educated guess, not a certainty. We have gathered them here as a service to our blog readers.
Will you need mortgage financing to buy a home in Seattle, WA? We can help. Sammamish Mortgage has been serving buyers across the Pacific Northwest since 1992. We offer a wide variety of mortgage programs and products with flexible qualification criteria for borrowers across Washington, Idaho, Colorado, Oregon, and California. Visit our website to get an instant rate quote or to use our online mortgage calculator. Please contact us if you have any questions or are ready to get pre-approved for a mortgage.
Whether you’re buying a home or ready to refinance, our professionals can help.
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