Active Listings

The total number of properties listed for sale increased nearly 28% year over year, with 13,341 active listings on the market at the end of February 2026, compared to 10,448 at the end of February 2025. Month over month, active inventory increased by 7.8%, up from 12,376 in January 2026.

Nearly all NWMLS counties experienced year-over-year inventory growth, with 19 of 27 counties posting double-digit increases. The five counties with the largest increases were Jefferson (+70.3%), Adams (+69%), Walla Walla (+56.1%), Snohomish (+50.2%), and Clallam (+45.6%).  

Use the drop-down menu in the chart below to view the available inventory counts in each county:

New Listings

NWMLS brokers added 7,424 new listings to the database in February 2026, a year-over-year increase of nearly 17% compared to February 2025 (6,346). When compared to the previous month (January 2026), new listings increased by 7.9%, when 6,882 listings were added to the NWMLS database.

When looking at the 27 individual counties in NWMLS’s primary service area, the number of new listings increased year-over-year in 23 counties, decreased year-over-year in 2 counties (Wahkiakum and Grant), and showed no change in 2 counties (Island and Walla Walla).  

Use the drop-down menu in the chart below to view the number of new listings added in each county:

Pending Sales

There were 5,886 residential units & condo units under contract in February 2026, a slight increase of .4% when compared to February 2025 (5,863). When compared to the previous month, the number of pending listings increased by 8.7%, up from 5,419 listings under contract in January 2026.

Use the drop-down menu in the chart below to view the pending sales in each county:

Closed Sales

Closed sales decreased 3% year over year, with 4,139 transactions in February 2026 compared to 4,268 in February 2025. Month over month, sales increased 19.5%, up from 3,465 in January 2026.

Year-over-year closed sales increased in 14 of 27 counties, while 12 counties saw decreases and one county (Cowlitz) reported no change. The total dollar value of closed sales in February 2026 was $2.79 billion for residential homes and $362.7 million for condominiums, for a combined total of $3.15 billion.

Use the drop-down menu in the chart below to view the number of closed sales in each county:

Months of Inventory

A balanced market is considered to be 4 to 6 months by most industry experts. At the current rate of sales, it would take a little less than three and a half months (3.22) to sell every home that is active in the NWMLS inventory. The five counties with the lowest months of inventory in February 2026 were Kitsap (2.14), Snohomish (2.36), Island (2.43), Thurston (2.59), and Pierce (2.6).  

Use the drop-down menu in the chart below to view the months of inventory in each county:

Median Price

The median sales price for residential homes and condominiums sold in February 2026 was $620,000, a 1.6% decrease from February 2025 ($630,000). Month over month, the median price increased 4.2% from $595,000 in January 2026.

The counties with the highest median sales prices were King ($840,000), San Juan ($732,500), and Snohomish ($720,000), while the lowest median prices were recorded in Pacific ($300,000), Columbia ($247,000), and Ferry ($215,000). 

Use the drop-down menu in the chart below to view the median sales price in each county:

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