Listings for single-family homes and condominiums climbed sharply in March from a year ago while sales remained largely unchanged throughout the 27-county region represented by Kirkland-based Northwest Multiple Listing Service, according to a NWMLS report released Thursday.
Snohomish County posted the fifth-highest increase in total active listings in the NWMLS territory, up 51.8% from March 2024, while the number of sales managed to rise 3.2%. In King County, inventory jumped 34.9% and sales declined 5.7%.
For all NWMLS counties, active listings rose 29.3% year over year and closed sales rose just 0.2%, but activity picked up significantly from February with a nearly 31% month-over-month increase, the report said. The median sales price for homes and condos combined was $640,000, down 1.5% year over year but up 3.2% from February.
Snohomish and King counties saw their combined home-condo median sales prices remain either flat, or dip from a year ago. Snohomish posted a median of $738,000, down 2.3%, with King, at $855,000, up 0.5%.
“Washington continues to mirror national trends by adding listings at a rate that is far outpacing any growth in sales,” Steven Bourassa, director of the Washington Center for Real Estate Research, said in the NWMLS report. “Active listings in the NWMLS service area in March 2026 increased 29% year over year, while the number of sales remained unchanged. In a nutshell, sellers have decided that they need to get on with their lives in spite of the fact that many would be giving up low-interest-rate mortgages. However, potential purchasers cannot afford to buy.”
Bourassa added that rising global uncertainty — including war in Iran — has pushed mortgage rates back up to 6.38% by the end of March after briefly dipping below 6% in February. The last time rates were this high was in early September 2025, according to NWMLS.
On King County’s Eastside, the median sales price of single-family homes settled at $1.55 million, down 9.4%.
The submarket of Bellevue, west of Interstate 405, again led the Eastside in highest median sales price at $3.75 million, up 11.3%. Total active listings for single-family homes on the Eastside rose 60.2%, but closed sales fell 3% from a year ago.
Eastside condo activity showed a 40.2% rise in listings, 11.3% decline in sales, and median sales price of $728,000, up 2.5%.
In Snohomish County, the median price of single-family homes was $769,950, down 2.5%.
Snohomish County’s southeast submarket posted the highest median sales price, almost $1.1 million, down 12.6%. Total active listings for single-family homes rose 49.1% countywide and closed sales rose 1.9%.
Countywide, condo listings rose 62.4%, sales rose 9.3%, and the median sales price came in at $501,000, down 5.5%.