January 2026 Market Notes

January Stats: Eastside

Pending sales increased 26% year over year, with 374 homes going under contract in January 2026 compared to 297 in January 2025.
Inventory rose significantly, up 49% from last year. As of January 31, 2026, there were 675 active listings compared to 452 at the same time in 2025.
The median price in January was down 16% from a year ago. January recorded 213 closed sales, well below the ten year monthly average of 640.
Prices declined 4% from December 2025 and were slightly higher than November 2025.
In 2025, prices rose 11% early in the year before declining 12 percent through December, making comparisons to the first half of the year misleading.
Multiple offer activity remains limited. Only 6% of January closings sold above list price, tied with December 2022 for the lowest level in the past four years.
With increased inventory and higher months of supply, a lower percentage of multiple offers is expected to continue throughout 2026.
Pending sales in 2025 totaled 5,113, making it the second lowest year in the past decade and 33% below the ten year average of 7,682.
Interest rates declined to 6.10% in January 2026 from 6.96% one year earlier.
The estimated principal and interest payment based on the median sale price and a 30 year loan is down 23% from last year and at the lowest level in several years.

A Shifting Market Environment

More inventory is beginning to ease pressure across the Eastside market.
With more homes available, buyers have greater choice and more time to evaluate options.
Pending activity early in the year suggests renewed movement after a slow 2025.
Lower interest rates and improved monthly payments are helping support that momentum.This combination is making transitions more achievable for buyers and sellers who have been waiting
The pace has slowed compared to the peak years, allowing decisions to be made more thoughtfully.
For sellers, preparation and pricing continue to play an important role.
For buyers, the environment offers opportunity without the intensity of recent years.
As inventory grows and activity stabilizes, the market is moving toward a healthier balance.
With careful strategy and experienced guidance, strong outcomes remain achievable in today’s conditions.

If you’re wondering how these shifts affect your plans, don’t wait!

Let’s connect and create a game plan that aligns with your goals.

My team and I have all the tools to help you navigate your next move with clarity, strategy, and confidence.