Housing Inventory: 6,804* King County home listings - Expect sustained large number of new listings through Summer with buyer activity/absorption rates fluctuating in regular seasonal patterns. Inventory typically peaks in August/ September with new listings peaking in July/August.

*Avg between 3-7K

Mortgage Rates: 6.37%* (avg 30yr fixed**), up m/m, up w/w, volatile, but in the expected 6.5-7 range expected of 2026

https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed

*based on survey of 200 lenders top tier current loans (usually 15% down, 680+ credit)
**“Average 30yr fixed“ is standard for reporting - The 50 year average of the “average 30-year fixed” is ~7.75%.

Week over week, the market showed steadiness with pending activity improving in some areas even as new listings pulled back, while sold counts were mixed across counties. Inventory levels continued to edge higher, yet days on market have been climbing, underscoring slower buyer decision-making. Despite this, median active and sold prices held stable, suggesting values remain supported even as the pace of sales stretches out heading into the fall.

Month-to-date, inventory across the Puget Sound region has ticked higher, giving buyers more options while closed sales have softened and pending activity shows mixed results by county. King County leads with stronger pending momentum, while Pierce and Snohomish reflect slower closings despite more homes on the market. Smaller counties are experiencing sharper swings, but overall the market remains steady, if slower, heading into fall. With conditions still highly rate-sensitive, last year’s dip in mortgage rates that quickly boosted buyer activity is a reminder that even a modest shift this season could spark renewed momentum.