The King County housing market continued to cool in July 2026 as inventory climbed and sales activity softened. Although median home prices remained near the $1 million mark, increased supply and fewer completed sales indicate a market that is becoming more balanced after years of intense competition.
Key Highlights
- Inventory surged 31.3% year over year, reaching 5,422 homes for sale.
- Months of supply increased to 3.8 months (+35.7%).
- Closed sales declined 12.0% compared to July 2025.
- Median home price held steady at $1,000,000, virtually unchanged year over year.
- New listings increased 25.3%, bringing more inventory to the market.
King County is experiencing a continued shift toward market balance as inventory expands and sales activity slows. Buyers have more opportunities and negotiating power, while sellers are adapting to a market that demands competitive pricing and patience.
