Realogics Sotheby’s International Realty (RSIR) presents Market Trends From Around the Sound, the latest quarterly report examining all of the most relevant data from 13 of the Puget Sound region’s communities.
The report tracks year-over-year changes in the market trends that will inform buyers, sellers, and investors as they plan their own real estate ventures in the months ahead. From median sales prices to the average time listings spent on the market, readers can see how particular markets performed compared to the same time last year.
Despite an increase in seller activity, with the numbers of homes sold up year-over-year in almost all 13 communities analyzed, most remained seller’s markets, with less than four months of inventory. Price growth remained relatively flat, and mortgage interest rates dropped to their all-year low in December, making it an ideal time for buyers to make their moves. However, affordability concerns remained, and the number of homes sold was down year-over-year in most markets.
The conditions witnessed in Q4-2024 won’t last forever, and the busy spring sales season is expected to begin early in 2026. Stay ahead of the curve by familiarizing yourself with the data and trends that will keep you informed of the market shifts. Reach out to an RSIR Global Real Estate Advisor to use these insights to your advantage as you plan your next move.
Seattle | Single-Family Homes
The months of supply increased from 1.2 months in Q4-2024 to 1.8 months in Q4-2025, with a 37.79% increase in homes for sale creating a market with 660 single-family homes for sale.
Bainbridge Island | Single-Family Homes
The island’s market is smaller than many of the region’s other cities, with just 73 homes sold in Q4-2025, which was a 12.05% year-over-year decrease from Q4-2024’s figure of 83 homes.
Eastside | Single-Family Homes
The median sales price decreased by 2.02% year-over-year to $1,455,000, which contrasted with the 8.38% increase in pricing between Q4-2023 and Q4-2024.
Mercer Island | Single-Family Homes
As is typical with properties of a higher price point, inventory did not move as quickly as it did in other markets. Homes spent an average of 53 days on the market.
Gig Harbor | Single-Family Homes
There was a 58.02% year-over-year increase in homes for sale, which caused supply levels to double, increasing from 1.2 months of inventory in Q4-2024 to 2.4 months in Q4-2025.
King County | Single-Family Homes
With fewer homes sold—which decreased 6.22% year-over-year—inventory levels were able to inch closer to more balanced conditions, but the market still favored sellers.
Seattle | Condominiums
Inventory moved slowly during Q4-2025, with condominiums spending an average of 63 days on the market. This figure has inched up year-over-year, with an average of 42 days in Q4-2023 and 55 days in Q4-2024.
Eastside | Condominiums
A 26.38% year-over-year increase in homes for sale gave buyers more options as they navigated the market. The number of homes sold decreased by 14.45% year-over-year, down from 429 homes in Q4-2024 to 367 homes in Q4-2025.
Kitsap County (Excluding Bainbridge Island) | Single-Family Homes
Seller activity was up, with a 15.26% year-over-year increase in homes for sale, and the months of inventory increased from 1.3 to 1.7 months.
Island County | Single-Family Homes
Sellers who were prepared to be patient once they listed their properties were rewarded; more buyers purchased homes in the county during Q4-2025 than in Q4-2024, as indicated by the 5.75% year-over-year increase in homes sold.
Pierce County | Single-Family Homes
As witnessed in most communities analyzed in the report, listings spent a longer time on the market in Q4-2025 than they did during Q4-2024, with an average of 49 days on the market.
Snohomish County | Single-Family Homes
Buyers who purchased during the final months of 2025 were able to do so with less competition and within a market that offered a lower median sales price than the same time the previous year.
Cle Elum | Single-Family Homes
Homes sat on the market for an average of 91 days, meaning that sellers had to list strategically and price their homes competitively.