SEATTLE — Home prices across Washington state held steady in August while sales slowed, underscoring a housing market still grappling with weak buyer demand, according to the Northwest Multiple Listing Service.

The median sales price for residential homes and condominiums last month was $650,000, unchanged from July and less than 1% higher than August 2024.

Active listings dipped 2.7% from July but surged 30.8% year-over-year, topping 20,000 homes compared to about 15,000 a year earlier. Despite the increased supply, sales slid. Closed transactions fell 7.7% from July and 5.7% from last year, led by slower activity in King and Snohomish counties.

Demand remains stagnant, analysts noted, pointing to still-elevated borrowing costs.

Mortgage rates inched down in August, with 30-year fixed

See Full Page