Home prices are still rising in Western Washington, contrary to trends in many parts of the U.S., home prices in Western Washington continue to rise, even in the wake of growing inventory and fewer sales.

The latest report from Northwest Multiple Listing Service, which tracks activity in 17 counties, shows prices rose 15.5 percent for July's sales compared to the same month a year ago. That figure – the sharpest gain for any month so far this year -- includes single family homes and condominiums. For single family homes only, the increase was 14 percent, while prices for condominiums that sold last month jump 20 percent from a year ago.