The 2026 Greater Seattle residential housing market, including Bellevue, Kirkland, Redmond, and the broader Eastside, appears to be entering a transitional phase.

After years defined by rapid appreciation, rising mortgage rates, and affordability pressure, the market may be stabilizing into the early stage of its next growth cycle. But what does that mean for home prices, inventory, buyer activity, and rental trends this year?

My 2026 Residential Market Forecast examines the forces most likely to shape the Greater Seattle real estate market in the months ahead.

Is the Local Housing Market Rising in 2026?

The answer is not simple; and it is not uniform across market segments and price points. Several key variables have an influence on the direction of the market, including but not limited to:

• Modestly improving (yet still tight) inventory
• Gradual return of buyer demand
• Mortgage rate stabilization
• Affordability constraints
• Insurance and cost-of-ownership factors
• Government housing policy initiatives

Small shifts in any of these areas could meaningfully impact pricing and transaction activity.

Greater Seattle Home Prices & Interest Rates

Home price growth in 2026 is expected to be more measured and sustainable compared to prior peak-cycle years. Inventory remains historically limited, though improving. Mortgage rates appear to be stabilizing. Demand is returning selectively.

The full forecast explores how these dynamics intersect and what scenarios could accelerate or slow momentum.

Rental Market, Condos & Luxury Segment Outlook

Beyond single-family housing, the report analyzes: (a) projected residential rental trends; (b) condo recovery positioning; (c) luxury market selectivity by tier; and (d) long-term supply and affordability considerations.

For investors and homeowners alike, understanding these segment differences is critical in 2026.

Download the Full 2026 Forecast

The complete report provides deeper analysis of market cycle positioning, supply and demand dynamics, interest rate impact scenarios, residential rental expectations, government activity and long-term housing supply, key risks, opportunity signals and more.

If you would like a copy of the full 2026 Greater Seattle Housing Market Forecast, you can request it here:

👉 Request the 2026 Report (Delivered instantly. No spam!)

Or feel free to reach out directly to discuss how these trends may shape your real estate strategy or plans.