The Snohomish County housing market continued its transition toward more balanced conditions in July 2026, with inventory levels rising significantly and home prices moderating. While buyer demand remained relatively steady, increased supply is giving buyers more flexibility than in recent years.
Key Highlights
- Inventory increased 36.6% year over year, expanding available housing options.
- Months of supply rose to 3.6 months (+44.0%).
- Median home price declined to $750,000 (-6.3%) compared to last year.
- New listings increased 22.7%, adding to available inventory.
- Pending sales remained relatively stable, increasing 1.3% year over year.
Snohomish County remains firmly in a normalization phase, with higher inventory and slower price growth helping to create a less competitive environment. Buyers are benefiting from increased choices, while sellers face greater competition in the marketplace.
