The Washington housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 5.0% in the past month. With 4.3 months of supply, Washington's inventory levels remain relatively tight. Homes are now taking an average of 96 days to sell, significantly longer than the 35 days typical for this market. Only 7.7% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Washington market with the affordability index at 2171.3. Based on current market indicators, home prices in Washington are projected to increase by approximately 6.4% over the next month.