Across the Northwest MLS region, July 2026 was marked by increasing inventory, moderating prices, and a slower pace of sales activity. While buyers remain active, growing supply is helping ease competition and move the housing market toward more balanced conditions.
Key Highlights
- Inventory increased 19.6% year over year across the region.
- New listings rose 14.0%, adding to available housing supply.
- Median home price declined to $659,000 (-2.4%) year over year.
- Closed sales fell 4.5%, indicating a slower transaction pace.
- Months of supply increased to 4.3 months (+19.4%).
The broader Northwest housing market continues its gradual move toward equilibrium. Rising inventory and moderating prices are creating more favorable conditions for buyers, while sellers face a more competitive market than in recent years.
