King County’s median home price in April 2026 was $859,000, down from $907,000 in April 2025, a 5.3% decrease.
SEATTLE — Housing prices in King and Snohomish counties declined over the past year as inventory surged, according to new data from the Northwest Multiple Listing Service.
King County’s median home price in April 2026 was $859,000, down from $907,000 in April 2025, a 5.3% decrease. Active inventory rose from 4,472 listings to 6,163, an increase of nearly 30%.
Snohomish County saw a smaller year-over-year decrease, with the median home price falling from $755,500 to $750,000 in April 2026. Active inventory increased from 1,325 listings to 2,094, a roughly 58% increase.
“House and condo prices did drop over 5% year-over-year in King County, so I think we are starting to see some flexibility on the part of sellers, some of whom undoubtedly need to sell for various reasons,” Steven Bourassa, director of the Washington Center for Real Estate Research at the University of Washington, told KING 5. “We’ve seen for some months now big year-over-year increases in listing, so I don’t think it is a seasonal thing this time around.”
Pierce County bucked the trend slightly, with the median home price increasing 4.5% year over year. Statewide, the median home price remained unchanged over the year prior, remaining at $650,000.
Across the NWMLS service area, active listings rose 28.4% year over year, while closed sales declined 3.7%, according to the organization’s April market snapshot. The median sales price across the service area remained unchanged at $650,000.
NWMLS said mortgage rates remained elevated in April, with average rates slightly higher than in March. The Federal Reserve also held short-term interest rates steady, citing ongoing inflation pressures, including rising energy costs.
“We are continuing to see relatively weak demand in the NWMLS market area (as elsewhere in the U.S.), with listings substantially higher than a year earlier, transactions down almost 4%, and median prices unchanged,” Bourassa said. “At the moment, it is difficult to see any improvement on the horizon with the Iran war stuck in a stalemate.”
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