The Brief
- Active listings across Washington have jumped 23% from a year ago, giving buyers more choices but increasing competition for sellers.
- The median home price slipped nearly 2% year over year, marking the third straight month of price declines.
- Even with slightly lower mortgage rates, closed sales rose just 4%, showing affordability remains a challenge.
SEATTLE – Washington’s housing market ended 2025 with a familiar pattern: more homes for sale, slightly lower prices and buyers still constrained by affordability, according to new data from the Northwest Multiple Listing Service.
The NWMLS December 2025 report shows active listings rose sharply across the state while prices declined for the third straight month compared with a year earlier — a sign the market is loosening, even as demand remains cautious.
Keep reading to learn more about this latest market report and what it means for buyers and sellers.
Inventory rises, prices ease
What they’re saying:…