The housing market in Washington continues to see strong price appreciation, with values up 48.5% compared to last year. Home prices have increased 2.8% in the past month alone. With only 12 active listings, inventory is 52% lower than typical for this time of year. Sales volume is down 45% compared to seasonal expectations. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Washington market with the affordability index at 133.9. Based on current market indicators, home prices in Washington are projected to decrease by approximately 9.3% over the next month.