Real Estate Market – Market Snapshot August 2026

August 2026 Overview

MARKET UPDATE

Homebuyers Gain More Choices as Sales and Prices Ease

September 3, 2026

Active Listings

The total number of properties listed for sale increased
22.0% year over year, with
24,675 active listings on the market at the end of
August 2026, compared to
20,219 at the end of August 2025.

Buyers had access to more than 4,400 additional homes
compared to a year ago, continuing a trend of expanding inventory across
the Northwest MLS service area.

Twenty-five of the 27 counties in the NWMLS service area experienced
year-over-year inventory growth. The five counties with the largest
increases were Wahkiakum (+55.2%),
Snohomish (+39.3%),
Okanogan (+38.4%),
Thurston (+33.2%), and
Walla Walla (+32.9%).

New Listings

NWMLS brokers added 9,546 new listings to the database in
August 2026. That represented a year-over-year increase of
9.3% compared to August 2025, when
8,730 listings were added to the NWMLS database.

Sellers brought more than 800 additional homes to market
than they did a year ago, giving buyers more options across the Northwest
MLS service area.

Pending Sales

There were 7,121 residential and condominium units
under contract in August 2026, a
6.5% decrease compared to
August 2025, when
7,613 listings were under contract.

Closed Sales

Closed sales decreased 7.6% year over year, with
5,861 residential and condominium transactions completed
in August 2026, compared to
6,341 in August 2025.

Of the 5,861 closed sales in August 2026,
5,181 were residential home sales and
680 were condominium sales.

The total dollar value of closed sales was
$4,591,671,052, including
$4,200,125,283 in residential sales and
$391,545,769 in condominium sales.

Months of Inventory

At the August 2026 pace of sales, it would take
approximately 4.21 months to sell every home currently
listed in the NWMLS service area.

The counties with the lowest months of inventory were
Kitsap (2.75),
Pierce (3.33),
Thurston (3.58),
Snohomish (3.64), and
Clallam (3.81), indicating tighter market conditions
in those areas.

Median Sales Price

The median sales price for residential homes and condominiums sold in
August 2026 was
$635,000, a
2.3% decrease compared to
August 2025 ($650,000).

The counties with the highest median sales prices were
San Juan ($914,500),
King ($845,000), and
Snohomish ($724,500), while the lowest median prices were
recorded in Ferry ($202,500),
Adams ($278,000), and
Columbia ($315,000).

San Juan County had the highest median sales price in the NWMLS service
area at $914,500, more than
4.5 times higher than Ferry County’s median price of
$202,500, highlighting the significant variation in
housing prices across Washington.