Washington Pending Sales Plunge 8 Percent, 2026 Chill
Why Did Washington Pending Sales Drop 8% in December? Why did Washington pending home sales fall 8% in December 2025? The drop reflected constrained choice, softer buyer sentiment, and elevated mortgage rates limiting contract signings. In Southwest Washington, supply remains at just 2.8 months of inventory, keeping competition elevated. Inventory Squeeze Intensifies Washington ended December with 11,718 active listings, up 23% year over year, yet still tight versus demand. National inventory was 1.18 million homes, the 2025 low, reducing options and delaying commitments. Regional active listings climbed 64% year-over-year from June 2024 to June 2025 in the Washington-Arlington-Alexandria area, though listings still remain below pre-pandemic levels. King County listings rose 26% yet remained limited. Seasonal Slowdown and Slower Turnover Holiday season conditions cut new listings from November levels and reduced buyer engagement. Median days on market rose to 50. Price dynamics loose...