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As a REALTOR, we have access to the most current statistics on our market. With recent events with local employers, we have this news release, from the Northwest Multiple Listing Service (NWMLS), the source for the most current, accurate market listing data in Washington state, today released its January 2026 Market Snapshot.
Market Recap
January housing market data shows a continuation of recent trends, with growing inventory outpacing buyer demand across much of Washington state. Active listings increased nearly 21% year over year, while closed sales declined 7% and median prices fell 3%.
“Substantial year-over-year growth in active listings continues to be accompanied by much slower, even negative growth in sales and median prices,” said Steven Bourassa, director of the Washington Center for Real Estate Research at the University of Washington.
Compared to December, inventory rose nearly 6% in January, while closed sales dropped 31% and median prices declined about 3%. The data suggests more homeowners are willing to sell, while affordability constraints continue to limit buyer participation.
Consumer and broker activity rebounded strongly from December, signaling early momentum as the market begins to transition toward the spring selling season. Mortgage interest rates also continued a gradual downward trend, ending January at 6.10%, compared to 6.15% at the end of December. Rates have reached similarly low levels only twice since the run-up in 2022—briefly in February 2023 and again in September 2024—when rates dipped temporarily before rising again. This time could be different, as the rate decline has continued over a longer period, suggesting that it might be more sustainable.
I find this interesting, especially this graph showing inventory levels are increasing. We are still in a seller’s market, it is getting weaker.
This next graph shows the law of supply and demand, with prices down 3.3% year over year.
This could be a small market correction, or the start of a longer trend. One month of data is now how the year will go.
As your REALTOR, I am more than happy to discuss this with anyone. Please contact me at
davidkoeger@c21nhr.com 971-599-1739 website to get your current homes value at https://www.koeger.com
