Inventory Continues to Expand as Summer Home Sales Gain Momentum

Published on: July 2, 2026

Northwest Multiple Listing Service (NWMLS), the source for the most current, accurate market listing data in Washington state, today released its June 2026 Market Snapshot. 

Market Recap 

Housing inventory continued to expand across the NWMLS service area in June, giving buyers the greatest selection of homes this year. Active listings increased 16.4% year over year and 8.0% from May, reaching 23,088 homes on the market. Buyers had access to more than 1,700 additional homes than the previous month, continuing the market’s gradual shift toward more balanced conditions. 

Despite elevated mortgage rates and ongoing affordability challenges, buyers remained active. Closed sales increased 2.3% compared to June 2025 and 10.2% from May, reflecting continued demand as the summer market gained momentum. Pending sales declined modestly from both the previous month and a year ago, while the median sales price held steady at $650,000 for the second consecutive month, though it was 3.0% lower than June 2025. 

Consumer activity reflected a typical seasonal slowdown following the peak spring market. Keybox activity and scheduled showings both declined from May, while 25,583 listings received at least one showing during June—an 8.7% increase from one year ago. Additionally, 73.6% of listings across the NWMLS service area qualified for down payment assistance programs, continuing to expand affordability opportunities for eligible buyers. 

While inventory continues to increase across much of Washington, mortgage rates remain an important factor influencing affordability and buyer activity. 

“At the end of February 2026, 30-year fixed mortgage interest rates had reached their lowest point since September 2022: 5.98%,” said Steven Bourassa, director of the Washington Center for Real Estate Research (WCRER). “Then the war with Iran started, resulting in increased inflation and, in turn, higher interest rates. By the end of June, rates had risen by just over half a percentage point to 6.49%, which was also the average rate for the month and slightly higher than the average for May. Not surprisingly, median home prices across the NWMLS service area were unchanged from the previous month and 3% below last year’s level. Closed sales increased about 2% year over year but continued to lag the approximately 16% increase in active listings, consistent with the decline in median prices.”

June 2026 Key Takeaways

Active Listings

• The total number of properties listed for sale increased 16.4% year over year, with 23,088 active listings on the market at the end of June 2026, compared to 19,837 at the end of June 2025. Month over month, active inventory increased 8.0%, up from 21,381 in May 2026. 
• The five counties with the largest year-over-year inventory increases were Okanogan (+39.8%), Skagit (+37.1%), Walla Walla (+30.4%), Thurston (+29.3%), and Snohomish (+29.2%). 

Closed Sales and Total Dollar Value

• Closed sales increased 2.3% year over year, with 6,847 transactions completed in June 2026, up from 6,694 in June 2025. Month over month, closed sales increased 10.2%, up from 6,213 in May 2026, reflecting continued buyer activity as the summer market progressed. 
• The total dollar value of closed sales in June 2026 was $5.23 billion for residential homes and $463.8 million for condominiums, for a combined total of $5.69 billion. 

Median Sales Price

• The median sales price for residential homes and condominiums sold in June 2026 was $650,000, unchanged from May 2026, but 3.0% lower than June 2025 ($670,000). 
• The counties with the highest median sales prices were San Juan ($1,012,500), King ($889,000), and Snohomish ($725,500), while the lowest median prices were recorded in Adams ($226,000), Columbia ($244,900), and Wahkiakum ($268,000). 

Consumer and Broker Activity

NWMLS also tracked several indicators of consumer and broker engagement in June, reflecting continued buyer interest as inventory expanded across the market. 

• Keyboxes at listed properties were accessed 165,776 times in June 2026, a 9.0% decrease from May 2026 and 3.4% lower than June 2025.
• The total number of property showings scheduled through NWMLS-provided software was 117,525 in June 2026, a 9.3% decrease from May and 4.9% lower than June 2025.  
• Despite fewer total showings, 25,583 listings received at least one showing during June, an increase of 1.6% from May and 8.7% compared to one year ago, indicating buyers continued touring a wider variety of available homes.  
• A total of 23,743 listings were eligible for the NWMLS Down Payment Resource program in June 2026, a 0.5% increase from May and 19.1% higher than June 2025. Overall, 73.6% of listings in the NWMLS database qualified for down payment assistance programs. (This count includes all property types in the NWMLS database, including multifamily properties and manufactured homes in parks.)