George Moorhead | Real Estate Market in Redmond WA
Redmond, WA June 2026 Housing Market
June 2026 was a Neutral market! The number of for sale listings was up 34% from one year earlier and up 1% from the previous month. The number of sold listings decreased 16.4% year over year and increased 1.7% month over month. The number of under contract listings was down 1.7% compared to previous month and down 24.4% compared to previous year. The Months of Inventory based on Closed Sales was 3.2, up 59.6% from the previous year.
The Average Sold Price per Square Footage was up 10.2% compared to previous month and up 4.5% compared to last year. The Median Sold Price increased by 8.7% from last month. The Average Sold Price also increased by 10.6% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a neutral trend, an increase of 31.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 97%, a decrease of 1% compared to previous year.
Video edited on Kapwing
It was a Neutral Market
Property Sales (Sold)
June property sales were 61, down 16.4% from 73 in June of 2025 and 1.7% higher than the 60 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 50 units of 34%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 1% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 1.7% in the pended properties in June, with 59 properties versus 60 last month. This month's pended property sales were 24.4% lower than at this time last year.
All reports are published July 2026, based on data available at the end of June 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The June 2026 Average Sold Price per Square Footage of $670 was up 10.2% from $608 last month and up 4.5% from $641 in June of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for June 2026 was 21, up 10.5% from 19 days last month and up 31.3% from 16 days in June of last year.
The Sold/Original List Price Ratio was Falling**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 97% was the same as last month and down from 1% % in June of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published July 2026, based on data available at the end of June 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Neutral*
The Average For Sale Price in June was $1,945,000, down 5.2% from $2,051,000 in June of 2025 and down 0.2% from $1,949,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in June was $1,802,000, down 0.9% from $1,819,000 in June of 2025 and up 10.6% from $1,629,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in June was $1,560,000, down 6% from $1,660,000 in June of 2025 and up 8.7% from $1,435,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Neutral Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s Market: More than 6 months of inventory
Seller’s Market: Less than 3 months of inventory
Neutral Market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The June 2026 Months of Inventory based on Closed Sales of 3.2 was increased by 59.6% compared to last year and down 3.1% compared to last month. June 2026 was Neutral market.
Months of Inventory based on Pended Sales
The June 2026 Months of Inventory based on Pended Sales of 3.3 was increased by 74.3% compared to last year and the same compared to last month. June 2026 was Neutral market.
All reports are published July 2026, based on data available at the end of June 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Neutral Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The June 2026 Absorption Rate based on Closed Sales of 31 was decreased by 37.7% compared to last year and up 0.7% compared to last month.
Absorption Rate based on Pended Sales
The June 2026 Absorption Rate based on Pended Sales of 29.9 was decreased by 43.7% compared to last year and down 2.9% compared to last month.
All reports are published July 2026, based on data available at the end of June 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
