The real estate market’s seasonal slowdown has begun, as evidenced by the October-to-November decrease of active listings by 15.1%, the Northwest Multiple Listing Service said this week.

The median sales price of single-family homes and condominiums for all 26 counties covered by the Northwest Multiple Listing Service increased almost 8% in October from a year ago.

A Federal Reserve interest rate cut in September provided a positive end-of-the-summer boost to the real estate market.