10/23/2026
🏡 A Tale of Two Markets: Residential vs. Condominiums
The September 2026 NWMLS data tells two different stories across the Puget Sound housing market.
📊 Here’s what stands out:
- Residential homes: 4.20 months of inventory, with median sales prices down 1.1% year over year.
- Condominiums: 6.29 months of inventory, with median sales prices down 4.7% year over year.
- More competition: Active listings are up in both markets, while closed sales have declined.
What does this mean for buyers and sellers? 👀
For buyers: More inventory means more options, and certain properties may offer additional room to negotiate.
For sellers: Pricing strategically and standing out from the competition matters more than ever.
At NJ Properties, we believe understanding the numbers is just as important as understanding your goals. Every neighborhood and property type tells a different story, and having the right strategy makes all the difference.
📩 Curious what these trends mean for your next move? Let’s talk!
Explore local market data: https://lnkd.in/g9SW6DZq
-