Realogics Sotheby’s International Realty (RSIR) presents Market Trends From Around the Sound, the latest quarterly report examining the Q3-2026 data that will help you make informed selling or buying decisions as you prioritize your own real estate goals.
The report tracks year-over-year changes in the market trends throughout 15 of the region’s communities, from the Seattle condominium market to Pierce County single-family residences. Learn about median sales prices, the average time listings spent on the market, and more helpful data points for a clearer picture of how the market performed.
Our quarterly analysis reveals that markets largely continued to rebound from the inventory shortage, with all except one experiencing an increase in the number of homes for sale and an increase in the number of months of supply available. Sellers who chose to list their home during Q3-2026 had to navigate a market with lower demand. Appropriately pricing and strategically marketing their properties with the help of a trusted Global Real Estate Advisor allowed sellers to find success even amidst challenging marketing conditions.
We’ve provided a glossary to familiarize you with some of the terms used throughout the report as you review the data.
Glossary:
Median Sales Price: The middle price point of all sales prices.
Average Days on Market: The average of all sold properties’ cumulative (total) number of days homes spent on the market before selling.
State of the Market: Calculated by dividing the current available inventory (number of houses for sale) by the average number of home sales. The total figure is—theoretically—how many months it would take to sell the available inventory if no new inventory was added.
Price Per Square Foot: Price per square foot is found by dividing a home’s price by the total square footage. This figure is a helpful tool in assessing a property’s value, particularly in relation to the neighborhood it is sold or listed in.
If you’re interested in discussing the data and what it means for your own goals, reach out to an RSIR advisor today.
Seattle | Single-Family Homes
As is typical during slower market cycles, more inventory meant properties spent a longer time on the market as buyers carried out their property search with discernment.
View the report →
Bainbridge Island | Single-Family Homes
There was price growth of 2.85%, with the median sales price increasing from $1,332,000 in Q3-2025 to $1,370,000 in Q3-2026.
View the report →
Eastside | Single-Family Homes
A significant increase (44.97%) in the number of homes for sale created more options for buyers as they navigated the shifting market, although it technically remained a seller’s market with 3.9 months of supply.
View the report →
Mercer Island | Single-Family Homes
The median sales price remained largely unchanged, with a median of $2,413,000 in Q3-2025 and $2,410,000 in Q3-2026.
View the report →
Gig Harbor | Single-Family Homes
A 25.12% year-over-year increase in the number of homes for sale and a 21.03% decrease in the number of homes sold moved the market towards a more balanced state, creating 3.5 months of inventory.
View the report →
King County | Single-Family Homes
As the second most expensive county to purchase in (only behind San Juan County), King County’s median sales price is influenced by more affordable markets, such as Kent and Renton, and luxury markets, such as Hunts Point and Medina.
View the report →
Seattle | Condominiums
The most significant change in the market was witnessed in the months of supply, which increased from 5.1 months (a neutral market) in Q3-2025 to 8.3 months (a buyer’s market) in Q3-2026.
View the report →
Eastside | Condominiums
An uptick in inventory levels, which increased by 22.49% year over year from 547 homes for sale in Q3-2025 to 670 homes for sale in Q3-2026, led to a shift in the market.
View the report →
Kitsap County (Excluding Bainbridge Island) | Single-Family Homes
There was less than a 1% year-over-year difference between Q3-2025’s median sales price ($565,000) and Q3-2026’s median ($560,000).
View the report →
Island County | Single-Family Homes
After slight price growth (4.93%) between Q3-2024 and Q3-2025, the median sales price decreased by 1.52% from $660,000 in Q3-2025 to $650,000 in Q3-2026.
View the report →
Pierce County | Single-Family Homes
Although the market was still considered a seller’s market, the number of months of supply did increase year over year from 2.6 to 3.7 months, offering buyers more options and more power as they made their search.
View the report →
Snohomish County | Single-Family Homes
Buyers looking for a Snohomish County residence during Q3-2026 benefited from a 39.28% year-over-year increase in the number of homes for sale.
View the report →
Cle Elum | Single-Family Homes
The average number of days that properties spent on the market was significantly higher in this market than most of the others analyzed—with an average of 112 days.
View the report →
Chelan County | Single-Family Homes
An 18.8% year-over-year increase in homes for sale led to a buyer’s market status, with 6.7 months of supply.
View the report →
Whatcom County | Single-Family Homes
The market remained neutral, offering 5 months of inventory and creating balanced conditions for both buyers and sellers during their real estate journeys in Whatcom County.
View the report →