Sammamish Housing Market Overview

• 1-Year Market Forecast: 4-6% decrease in sales price.
• Percent of Sales Under List Price: 2%(March 31, 2026)
• Precent of Homes with at Least One Price Drop Before Sale: 9%
• Precent of Homes with Multiple Price Drops Before Sale: 7%
• For Sale Inventory: 192(April 30, 2026)
• New Listings: 106(April 30, 2026)
• Median Sale to List Ratio: 0.987(March 31, 2026)
• Median Sale Price: $1,588,333(March 31, 2026)

Inventory Surges While Sales Slow and Prices Hold Steady

Housing supply continued to expand across the NWMLS service area in April, with active listings rising 28.4% year over year and increasing more than 23% from March. While inventory expanded, market activity remained mixed: closed sales declined 3.7% year over year, even as showings and keybox accesses increased from both March and April 2025.

Mortgage rates remained elevated in April, with average rates slightly higher than in March, and the Federal Reserve held short-term rates steady, citing ongoing inflation pressures, including rising energy costs. Ongoing global uncertainty, including the war in Iran, continued to put upward pressure on interest rates and weigh on housing demand.

Steven Bourassa, director of the Washington Center for Real Estate Research at the University of Washington, said, “We are continuing to see relatively weak demand in the NWMLS market area (as elsewhere in the U.S.), with listings substantially higher than a year earlier, transactions down almost 4%, and median prices unchanged. At the moment, it is difficult to see any improvement on the horizon with the Iran war stuck in a stalemate.”

April 2026 Key Takeaways

Active Listings

The total number of properties listed for sale increased 28.4% year over year, with 18,563 active listings on the market at the end of April 2026, compared to 14,459 at the end of April 2025. Month over month, active inventory increased by 23.4%, up from 15,049 in March 2026.

Nearly all NWMLS counties experienced year-over-year inventory growth, with 21 of 27 counties posting double-digit increases. The five counties with the largest increases were Snohomish (+58%), Walla Walla (+54%), Okanogan (+52.4%), Skagit (+44.5%), and Thurston (+43.3%). 

Closed Sales

Closed sales decreased by 3.7% year over year, with 5,674 transactions in April 2026 compared to 5,887 in April 2025.

Year-over-year closed sales decreased in 15 of 27 counties.

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