Homebuyers who purchased condominiums in northwest Washington in October experienced the lowest median home price since February 2023, according to the latest data from the Northwest Multiple Listing Service.

The median condo price was $435,000. A year prior, the median condo price was 13% higher at $499,975.

Across all property types in the NWMLS region, the median sales price was $620,000, down 3.1% year over year, while total active listings jumped 25.2%. Inventory rose in 26 of the 27 counties in the NWMLS service area, with the greatest increases seen in Walla Walla (up 52.3%), Douglas (42.3%), Snohomish (41.7%), Wahkiakum (33.3%) and King (32.8%). New listings were flat annually. More than half of all active listings — 58% — were concentrated in King, Snohomish and Pierce counties.

Meanwhile, pending sales dropped 17.8% year over year, with 5,541 homes going under contract, and closings decreased 14.3% year over year, with 5,332 sales during the month.

Given the rate of sales, it would take 4.4 months to sell all the homes for sale in the NWMLS database. That’s up from 3.02 months in October 2025.

“The trends that we’ve seen in previous months continued in October,” Steven Bourassa, director of the Washington Center for Real Estate Research, said in a press release. “Interest rates rose even further, fueled by high inflation. Thirty-year mortgage interest rates averaged 7.33% in October versus 6.86% in September, a rise of nearly half a percentage point. Meanwhile, active listings for houses and condos continued to be up substantially on a year-over-year basis, while completed sales and median prices declined.”

Despite increased inventory, property showings decreased 13.3% year over year, with each listing getting four showings on average. NWMLS attributed this decline to buyer attention spreading as more listings enter the market.

King County

In King County, buyers had 7,592 active listings to shop in October, up from 5,719 a year ago.

Pending sales decreased 17.8%, with 1,831 listings going under contract, while closings fell 18.1%, with 1,756 home sales. Given the rate of sales, the county had a 4.3-month inventory, nearly matching region-wide levels.

The median home price was $851,250, down 4.1% year over year — but still the highest median price of any county in the region.

Snohomish County

Snohomish County saw a 41.7% jump in active listings last month with 2,848 homes on the market as pending sales declined 19.9% to 738 and closings fell 17.6% to 692.

The county’s median home price decreased 5.4% year over year to $699,250, the second-highest median in the NWMLS.

Pierce County

In Pierce County, active listings rose 19.7% to 3,098 while pending listings decreased 14.4% to 924 and closings declined 11.7% to 786.

The median sales price was unchanged year over year at $560,000. Pierce was one of just two counties where the median home price held steady, joining Thurston County. Clark and Kittitas counties also emerged as outliers, with prices increasing 10% year over year and 8.3% year over year, respectively.

Kitsap County

Active listings jumped 29% in Kitsap County, with 868 single-family homes and condos for sale in October. Pending sales decreased 14.7% to 291 and closings decreased 17.5% to 269.

The county’s median sales price dipped 1.58% to $590,000.

Kitsap County had the lowest housing supply of any county in the NWMLS service area with a 3.23-month inventory.