Story perspectives

Washington Home Prices Steady Amid Weak Buyer Demand

9/7/2025

22 5

Summary

Story summary

Washington state's median home price held steady at $650,000 in August 2025, unchanged from July.
Active listings rose 31% year-over-year, exceeding 20,000 homes.
Closed transactions decreased by 7.7% from July and 5.7% from last year, especially in King and Snohomish counties.
Despite lower mortgage rates, buyer demand remains weak due to high borrowing costs.
Analysts anticipate a Federal Reserve rate cut soon, as the housing market has struggled since 2022.

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Story summary

Washington state's median home price held steady at $650,000 in August 2025, unchanged from July.
Active listings rose 31% year-over-year, exceeding 20,000 homes.
Closed transactions decreased by 7.7% from July and 5.7% from last year, especially in King and Snohomish counties.
Despite lower mortgage rates, buyer demand remains weak due to high borrowing costs.
Analysts anticipate a Federal Reserve rate cut soon, as the housing market has struggled since 2022.