Washington Market Insights
Stay informed and ahead of the curve with our monthly analysis of Pacific Northwest real estate trends. From local neighborhood shifts to statewide economic drivers, discover everything you need to know about the Washington market.
Prices has softened slightly year over year, with average median price being $650K in July 2025.
Median Price
$640K
-1.5% YoY
Buyers have access to more than 4,100 additional homes compared to July 2025.
Last Updated August 21, 2026 | July 2026 Data | Source: Northwest Multiple Listing ServiceÂ
Active Listings
24,888
+19.8% YoY
WASHINGTON MARKET SNAPSHOT
NWMLS notes that roughly 4-6 months is generally considered a balanced market, so Washington's market is moving toward more balance but remains below the threshold overall.
Inventory Level
3.74
Months Supply
The number of closed sales in July 2026 vs July 2025, showed a slight dip as growing inventory gives buyers more options to consider.
CLOSED SALES
6,649
-3.2% YoY
What does this mean for you?
BUYERS
SELLERS
With more homes on the market than this time last year, buyers have a bit more breathing room and a wider range of options to explore. Conditions still vary by neighborhood and price point, so having a clear strategy and a strong handle on the local data is key.
With buyers having more listings to choose from, thoughtful pricing, preparation, and presentation matter more than ever. The homes that stand out are the ones positioned well against the competition from day one. Thinking about selling? Let’s build a plan.