In May 2026, the King County housing market continued its transition toward more balanced conditions, with rising inventory and slightly declining home prices. Buyer activity remained steady, but longer selling timelines and reduced closed sales reflect moderating demand.
Key Highlights
- Median home price decreased to $983,000 (-1.4%)
- Inventory rose 22.1% year over year, increasing supply
- Pending sales increased 8.5%, indicating ongoing buyer activity
- Closed sales declined 3.8%
- Days on market rose to 22 days (+29.4%)
King County continues to normalize after recent peak conditions, with increased inventory and softer pricing easing competition. Buyers are gaining more negotiating power, while sellers may need to adjust expectations around timing and pricing.
