Redmond Real Estate in 2026

May 8, 2026 - 18:49

As the calendar turns to May, we are now more than one-third of the way through 2026. That makes it a good moment to step back and see how the Redmond real estate market is actually performing. To get a clear picture, it helps to compare this year's numbers against the same period in 2024 and 2025.

Early data suggests a market that is finding its footing after a couple of years of adjustment. Inventory levels have shifted noticeably compared to last spring. Buyers are seeing more homes available for sale than they did in 2025, which is giving them a bit more breathing room. However, that increase in supply has not led to a dramatic drop in prices. Median sale prices in Redmond have held fairly steady, showing only modest single-digit percentage changes from the previous year.

The pace of sales tells a slightly different story. Homes are taking a few more days to go under contract compared to the frantic pace of early 2025. This suggests that while demand remains solid, buyers are being more deliberate. They are taking time to compare options and are less willing to waive contingencies than they were a year ago. For sellers, this means pricing a home correctly from the start is more important than ever. Overpriced listings are sitting longer, while well-priced homes in good condition are still attracting multiple offers, just not as many.

Looking ahead, the rest of 2026 will likely depend on interest rates and the broader tech job market in the region. Redmond's economy, heavily tied to major tech employers, tends to insulate it from the wildest swings. For now, the market feels balanced. It is not a seller's paradise, but it is not a buyer's fire sale either. It is simply a market where patience and realistic expectations matter most.