February 2026 Luxury Market Report for Greater Seattle
The luxury inventory in the Greater Seattle area increased 23% year-over-year, reaching 771 homes, while sales declined 19% to 194 transactions, indicating a slower absorption of new supply. The median luxury single-family price remained relatively stable at $1.75M, just 3% below last year. Homes are taking longer to sell, with median days on market rising from 17 to 39 days, and properties closing at about 97.5% of list price. Overall, the luxury single-family segment remains a seller’s market with a 25% sales ratio, though conditions are gradually becoming more balanced as inventory grows.