Active listings rose 19.8% year over year across the Northwest Multiple Listing Service area in July, according to the latest data from NWMLS.

A total of 24,888 homes were on the market across the region during the month, boosted by 11,517 new listings (up 10.5% year over year). All but two of the 27 counties in the NWMLS coverage zone saw annual inventory growth.

Closed and pending home sales were restrained by high mortgage rates, NWMLS said. Closings fell 3.2% year over year, while pending sales dropped 7.2%.

The median sales price, meanwhile, decreased 1.5% year over year to $640,000.

“In July, the housing market in the NWMLS service area continued to display greater interest on the part of sellers … However, this has not been matched by an increase in transactions with both number of sales and median prices dropping relative to a year earlier,” commented Stephen Bourassa, director of the Washington Center for Real Estate Research. “Interest rates, which averaged over 6.5% during the month, continued to discourage buyers.”

Bourassa added that the Federal Open Market Committee opted to keep interest rates steady due to “ongoing pressures of high inflation” stemming from the war with Iran.

“Expectations are that the FOMC will increase short-term rates later this year and early next year, implying that longer-term rates are also likely to go up,” he explained.

King County

King County had 7,836 homes on the market during the month, up from 6,337 during the same month in 2025. The median list price was $849,900, down from $865,000 last July; the average declined from $1.37 million to $1.296 million.

The county saw 2,022 sales during the month, down from 2,296 a year prior.

The median sales price increased to $879,500, up from $875,000 a year prior, although the average declined from $1.138 million to $1.128 million. Regardless, the disparity between list and sales prices shows that King County homes are typically selling over asking price.

Snohomish County

In Snohomish County, there were 2,878 homes for sale in July, up from 2,136 a year prior. The median list price was $780,000, down from $794,725; the average increased annually from $917,058 to $922,998.

Homebuyers closed on 957 properties during the month, up from 922 in July 2025. The median sale price was $719,000, down from $765,000 a year prior; the average also declined from $869,671 to $810,850. That indicates typical Snohomish County sellers are receiving less than their asking price.

Pierce County

Pierce County buyers had 3,174 homes to choose from in July, up from 2,709 a year ago. The median list price was $648,975, essentially unchanged year over year, while the average was $768,835, up from $756,835 in July 2025.

The county saw 1,044 sales during the month, up just three sales from last July. The median sale price was $575,000, up from $565,140, while the average was $672,329, up from $661,356. Both figures were well below median and average asking prices.

Kitsap County

In Kitsap County, there were 895 active listings on the market in July, up from 835 a year prior. The median list price was $674,900, down from $699,950 in July 2025; the average was $903,369, up from $887,932.

Buyers purchased 392 homes during the month, up slightly from the 364 sold last July. The median sales price was $589,250, up from $580,000, while the average was $731,455, up from $716,913.