Will Real Estate Prices Go Down in 2026? What Kitsap Peninsula Buyers and Sellers Should Know

As 2026 approaches, homeowners and buyers across the Kitsap Peninsula are asking the same question: Will real estate prices go down?

The answer is no — a national housing crash is unlikely, and while the breakneck pace of appreciation has cooled, home prices are expected to remain stable or grow modestly in most regions, including Kitsap County.

Local real estate expert Bre Enbom explains, “We’re seeing a more balanced market than the frenzy of past years, but Kitsap remains one of the most desirable places to live in Western Washington. The lifestyle, views, and proximity to Seattle continue to keep demand strong.”

What’s Influencing Home Prices?

1. Supply and Demand
Real estate values always come down to how many homes are available versus how many buyers are looking. Kitsap continues to have limited inventory, which helps sustain home prices even as demand normalizes.

2. Inventory Trends
National housing inventory is gradually increasing, and that’s slowing price growth overall. However, Kitsap’s mix of tight supply and steady buyer interest makes it less likely to see significant price drops compared to other markets.

3. Regional Factors
Some U.S. regions with abundant new construction or high turnover could see moderate declines. But on the Kitsap Peninsula—where land is limited and new development moves slowly—values tend to stay resilient in places like Silverdale, Bremerton, Poulsbo, and Port Orchard.

4. Mortgage Rates
Rates remain higher than they were a few years ago, but they’ve eased slightly, opening the door for more buyers. This may add fuel to the Kitsap market as affordability improves.

What to Expect in 2026

The days of double-digit appreciation are behind us, but a stable, healthy market lies ahead. Expect slower but steady growth, with prices holding firm in most neighborhoods. Some properties in higher-inventory areas could see slight softening, but widespread declines aren’t likely.

For Kitsap buyers, that means opportunity; for sellers, it means stability. With local expertise and a pulse on current trends, Bre Enbom helps clients make confident decisions—whether it’s the right time to buy, sell, or invest.

Thinking about your next move? Connect with Bre Enbom, Kitsap Peninsula real estate expert, for personalized guidance in today’s evolving market.