Local Market Update – January 2026 - Windermere Capitol Hill

Local Market Update – January 2026

A Steady Close to the Year with Clear Signals Ahead

December closed out 2025 on a calmer and more balanced note than many expected. Inventory remained higher than it was a year ago, giving buyers more options and easing some price pressure across the region. With December closely reflecting trends from October and November, the market appears to be settling into a steadier rhythm. As we look ahead, the focus turns to whether inventory continues to grow as we approach spring.

King County: Stable Prices and More Choice

King County home values held firm through year end. The median single-family home price rose 3% year over year to $899,950. Inventory remained elevated at 35% higher than last December, offering buyers more flexibility than they had a year ago.

Sales activity stayed relatively steady, suggesting buyers remain engaged, though more selective. Condo prices edged up 1% to $530,000, while active listings increased 14%, contributing to a more balanced market.

Seattle: Seasonal Cooling with Steady Pricing

Seattle experienced a typical holiday slowdown. Closed sales declined 10% year over year, and activity eased from November. At the same time, active listings were up 28% from last December, helping level the playing field for buyers.

Pricing remained stable. The median residential sold price rose 2% year over year to $914,000. Condo prices increased 1% to $555,000, with inventory up 14%, giving buyers more options close to the city center.

Eastside: Inventory Drives Renewed Activity

On the Eastside, the median residential sold price dipped 3% year over year to $1,500,000. While prices softened slightly, buyer activity picked up. Closed sales rose 29% compared to last year, reflecting renewed confidence as selection improved.

Inventory remained the most significant shift, with active listings up 65% year over year. Condos continued to perform well, with median prices up 7% to $741,250 alongside a 29% increase in inventory.

Snohomish County: A More Balanced Pace

Snohomish County continued its move toward balance. Active listings increased 40% year over year, giving buyers more choice and easing competitive pressure. Sales activity slowed modestly, with pending sales down 12% and closed sales down 3%.

Prices adjusted with these shifts. The median single-family home price declined 4% year over year to $760,000. Condo prices fell 8% to $505,000, while inventory rose 30%.

Looking Ahead

As 2026 begins, higher inventory continues to shape market conditions, influencing pricing, buyer confidence, and pace of sales. The next major test will come this spring, when increased selection meets peak buying season.

Whether you are planning a move or simply staying informed, local insight matters. Your Windermere advisor is here to help you navigate the market with clarity and confidence.