Greater Seattle Real Estate – April 2026

Northwest MLS Real Estate Report

The Northwest Multiple Listing Service (NWMLS), which tracks real estate activity across the greater Seattle area and much of Washington, reflected a market gaining momentum in March as the spring season took hold. Inventory continued to surge, while buyer activity showed signs of improvement.

There were 15,049 active listings at the end of March, up 29.3% year over year and 12.8% higher than February. Nearly every county saw gains, with most posting double-digit increases. This ongoing rise in inventory suggests more sellers are choosing to list their homes even as many move away from historically low mortgage rates, contributing to a more balanced but still competitive market.

Sales activity held steady compared to last year but increased sharply from February. Closed sales totaled 5,417 transactions, up just 0.2% year over year but nearly 31% higher month over month, reflecting a strong seasonal boost as buyers reentered the market.

Home prices followed a similar trend. The median sales price for residential homes and condominiums reached $640,000 in March, down 1.5% from a year ago but up 3.2% from February’s $620,000 median. While prices remain slightly softer on an annual basis, the monthly increase highlights renewed demand heading into the spring market.

Superb, like-new Madrona home available for $2.795

Seattle Luxury Market

Following is a more detailed look at luxury real estate and waterfront homes in Seattle for the past month.

March saw 181 luxury home sales over $2 million in King County, compared to 217 during the same month last year. The Eastside generally dominates the local luxury real estate market and this past month was no different. Of the 12 homes that sold for more than $5 million, the Eastside claimed seven.

March’s highest sale was a waterfront estate in the Laurelhurst neighborhood that sold for $13.95 million. Similarly, last year’s top March sale was a $13.125 million waterfront estate on Mercer Island. Additional notable sales this year were recorded in Medina, Yarrow Point, Mercer Island and Sammamish.

A 1909 craftsman with modern upgrades in Madrona available for $1.699

Luxury Condos

87 condos sold for more than $1 million this March, below the 114 recorded in March of last year. Among them, 13 units exceeded $2 million, evidence of continued strength in the upper-tier condo market.

The month’s top condo sale was a stunning Penthouse neighboring Pike Place that sold for $3.05 million. Last March’s leading sale was a $4.75 million waterfront condo in Kirkland.

Newmark Tower Condo available for $518,500

Is Greater Seattle Real Estate Slowing Down?

Not really. March shows the market gaining momentum as inventory jumped nearly 30% year over year, giving buyers more options. At the same time, buyer activity rebounded, with sales rising sharply from February.

Prices remain slightly lower than last year but are climbing month over month, signaling renewed demand heading into spring. Overall, the market isn’t slowing, it’s rebalancing, with more supply, active buyers, and steady pricing trends.