August 2026 was a Neutral market! The number of for sale listings was up 105.8% from one year earlier and down 2.4% from the previous month. The number of sold listings decreased 17.7% year over year and decreased 15% month over month. The number of under contract listings was up 10.4% compared to previous month and down 3.6% compared to previous year. The Months of Inventory based on Closed Sales was 4.9, up 148.6% from the previous year.
The Average Sold Price per Square Footage was down 18.3% compared to previous month and down 13% compared to last year. The Median Sold Price decreased by 19.3% from last month. The Average Sold Price also decreased by 22.9% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a upward trend, an increase of 9.1% compared to previous year. The ratio of Sold Price vs. Original List Price was 94%, a decrease of 1.1% compared to previous year.

August property sales were 51, down 17.7% from 62 in August of 2025 and 15% lower than the 60 sales last month.
Versus last year, the total number of properties available this month was higher by 128 units of 105.8%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was down 2.4% compared to the previous month.
There was an increase of 10.4% in the pended properties in August, with 53 properties versus 48 last month. This month's pended property sales were 3.6% lower than at this time last year.
All reports are published September 2026, based on data available at the end of August 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The August 2026 Average Sold Price per Square Footage of $527 was down 18.3% from $645 last month and down 13% from $606 in August of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral

The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for August 2026 was 36, up 38.5% from 26 days last month and up 9.1% from 33 days in August of last year.
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 94% was down 1.1% % from last month and down from 1.1% % in August of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published September 2026, based on data available at the end of August 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

The Average For Sale Price in August was $2,011,000, down 16.4% from $2,405,000 in August of 2025 and down 0.9% from $2,029,000 last month.
The Average Sold Price in August was $1,540,000, down 10.7% from $1,724,000 in August of 2025 and down 22.9% from $1,997,000 last month.
The Median Sold Price in August was $1,420,000, down 13.7% from $1,645,000 in August of 2025 and down 19.3% from $1,760,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral

A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s Market: More than 6 months of inventory
Seller’s Market: Less than 3 months of inventory
Neutral Market: 3 – 6 months of inventory
The August 2026 Months of Inventory based on Closed Sales of 4.9 was increased by 148.6% compared to last year and up 14.1% compared to last month. August 2026 was Neutral market.
The August 2026 Months of Inventory based on Pended Sales of 4.7 was increased by 113.6% compared to last year and down 11.3% compared to last month. August 2026 was Neutral market.
All reports are published September 2026, based on data available at the end of August 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
The August 2026 Absorption Rate based on Closed Sales of 20.5 was decreased by 59.9% compared to last year and down 12.8% compared to last month.
The August 2026 Absorption Rate based on Pended Sales of 21.3 was decreased by 53.2% compared to last year and up 13.3% compared to last month.
All reports are published September 2026, based on data available at the end of August 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID.
IDX information is provided exclusively for consumers' personal non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Based on information submitted to the MLS GRID as of 9/10/2026 6:41 AM.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.