Although broader housing indicators point to moderation, condominium resale pricing has remained comparatively resilient, with the national median list price holding at $399,900 in January 2026, unchanged year-over-year, even as national price per square foot declined 1.6% over the same period. This steadiness has coincided with softer transaction momentum, longer marketing cycles, and continued reliance on pricing tactics, including a 14.3% share of listings recording price cuts nationally, albeit below the 15.6% level posted in January 2025. Even with recent gains, national inventory remains 17.2% below 2017–19 pre‑pandemic norms.
Condo list prices held at $399,900 nationally, but softer momentum persists as price cuts ticked up and $/sq ft slipped 1.6%.
National average days on market rose to 58 days in January, up from 53 days in December, reinforcing that buyers are taking additional time to evaluate available inventory even where headline prices remain firm.
Supply conditions have improved unevenly, supporting liquidity in some metros while constraining it in others. National active listings increased 10% year-over-year, the 27th consecutive month of gains, whereas the San Francisco metro recorded a 5.6% decline in active listings, consistent with tight local conditions.
The West region still posted 12.2% inventory growth year-over-year, suggesting that additional supply is reaching the market at a regional level, even as submarkets diverge. In San Francisco, historic inventory lows for single-family homes, with fewer than 100 homes available for sale, have contrasted with comparatively greater condominium availability, shaping demand distribution across property types. Citywide inventory remains at historic lows, keeping conditions extraordinarily difficult for buyers.
Buyer demand has remained present but more measured, with an average interest level of 3.7 showings per listing and stronger activity in properties priced at $350,000 and above. Pending home sales nationally increased 1.2% year-over-year, the largest gain since December 2024, yet the pace of absorption has not matched prior-cycle intensity. With mortgage rates expected to hover around 6.3% for 30-year fixed loans in 2026, affordability has improved only marginally, reinforcing buyer caution even as transaction volumes stabilize.
In Seattle, condominium inventory has remained elevated, months of supply reached 3.02 in January 2026, and the median condo sale price registered $557,000, reflecting adjustments from historic highs alongside extended selling timelines.
Select high-cost markets have continued to show price strength. San Francisco’s median condo sale price reached $1,075,000, up 5.21% year-over-year, and condos traded at approximately 98% of list price, indicating limited discounting.
Prices rebounded in Q4 2025 with roughly 4.5% growth, and the California Association of Realtors’ 2026 median home price projection of $905,000 frames condos as an important segment within the broader state outlook.
