March 2026 Overview
Market Update
Inventory Jumps 29% as Rising Mortgage Rates Stall Sales
Interactive County Charts
Visualize year-over-year real estate statistics for specific counties, such as active listings, new listings, pending sales, closed sales, and months of inventory.
Active Listings
The total number of properties listed for sale increased 29.3% year over year, with 15,049 active listings on the market at the end of March 2026, compared to 11,640 at the end of March 2025. Month over month, active inventory increased by 12.8%, up from 13,341 in February 2026.
Nearly all NWMLS counties experienced year-over-year inventory growth, with 20 of 27 counties posting double-digit increases. The five counties with the largest increases were Adams (+75%), Okanogan (+58.8%), Jefferson (+53.9%), Walla Walla (+52.4%), and Snohomish (+51.8%).
New Listings
NWMLS brokers added 10,035 new listings to the database in March 2026, a year-over-year increase of 9.5% compared to March 2025 (9,161). When compared to the previous month (February 2026), new listings increased by 35.2%, when 7,424 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 21 counties, and decreased year-over-year in 6 counties.
Pending Sales
There were 7,352 residential units & condo units under contract in March 2026, a decrease of 3.2% when compared to March 2025 (7,593). When compared to the previous month, the number of pending listings increased by nearly 25%, up from 5,886 listings under contract in February 2026.
Closed Sales
Closed sales increased by .2% year over year, with 5,417 transactions in March 2026 compared to 5,406 in March 2025. Month over month, sales increased by nearly 31%, up from 4,139 in February 2026.
Year-over-year closed sales increased in 14 of 27 counties, while 13 counties saw decreases. The total dollar value of closed sales in March 2026 was $3.8 billion for residential homes and $490.4 million for condominiums, for a combined total of $4.29 billion.
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 months (2.78) to sell every home that is active in the NWMLS inventory. The five counties with the lowest months of inventory in March 2026 were Kitsap (1.57), Snohomish (2.04), Pierce (2.07), Thurston (2.09), and Cowlitz (2.42).
Median Price
The median sales price for residential homes and condominiums sold in March 2026 was $640,000, a 1.5% decrease from March 2025 ($649,999). Month over month, the median price increased 3.2% from $620,000 in February 2026.
The counties with the highest median sales prices were San Juan ($1,075,000), King ($859,618), and Snohomish ($738,000), while the lowest median prices were recorded in Columbia ($325,000), Pacific ($292,500), and Ferry ($291,200).




Market Snapshot Video
Watch a short video with the most current real estate statistics.
Great to share with clients!
View Individual Counties Breakout Reports in PDF Format

Historical Charts
Get granular on real estate statistics with interactive 5-year charts encompassing the length of active, new, and additional metrics.
Usage Terms
You may share and republish NWMLS’s Market Snapshot Video, interactive charts, and infographics on websites, blogs, and social media. Any use of NWMLS’s statistical charts or infographics must include the logo that is displayed on the graphics and the following attribution: “Information and statistics compiled and reported by the Northwest Multiple Listing Service.” You may not alter or otherwise modify NWMLS’s Market Snapshot Video, interactive charts, and infographics. Derivatives of NWMLS’s housing marketing statistics may not be published, broadcast, rewritten or redistributed without prior written permission.





