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What’s Happening in Our Local Real Estate Market?
Here’s a look at the latest stats on buying and selling activity in our area.
Curious about what these numbers mean for your specific home, neighborhood, or ZIP code? I’d be happy to prepare a personalized Home Wellness Report (Property Review) for you—it’s a great way to stay informed, and I can have it ready in just a few days.
If you're interested, let’s connect! We can go over the numbers together—coffee’s on me.
Active Listings (on the market to sell)
There was a 47.4% increase in total number of properties listed for sale year-over-year, with 14,459 active listings on the market at the end of April 2025, compared to 9,813 at the end of April 2024. When compared to the previous month, active inventory increased by 2,819 listings (+24.2%), up from 11,640 in March 2025.
The number of homes for sale year-over-year increased throughout the NWMLS coverage area, with 24 out of 26 counties seeing a double-digit year-over-year increase. The six counties with highest year-over-year increases in active inventory for sale were Snohomish (+84.8%), Columbia (+76.9%), King (+71.3%), Clallam (+70.7%), Whatcom (+68.1%), and Grant (+59.8%).
New Listings (fresh on the market)
NWMLS brokers added 10,858 new listings to the database in April 2025, a year-over-year increase of 12.7% compared to April 2024 (9,636). When compared to the previous month (March 2025), new listings increased by 18.5%, when 9,161 listings were added to the NWMLS database.
The number of new listings increased year-over-year in 23 of 26 counties. The six counties with the largest year-over-year increases were Columbia (+175%), Adams (+64.7%), Jefferson (+52%), Clallam (+36.5%), Douglas (+34.9%), Pacific (+32.2%), and Whatcom (+30.9%).
Pending Sales (Under Contract – Awaiting Closing)
There were 7,435 residential units & condo units under contract in April 2025, a decrease of 4.6% when compared to April 2024 (7,792). When compared to the previous month, the number of pending listings decreased by 2.1%, down from 7,593 listings under contract in March 2025.
Closed Sales (New Owners - Recorded by the County)
The number of closed sales slightly increased by 0.7% year-over-year (5,887 in April 2025 compared to 5,847 in April 2024). When compared to the previous month, the number of closed sales increased by 8.9%, up from 5,406 sales in March 2025.
10 out of 26 counites saw an increase in the number of closed sales year-over-year. The six counties with the largest increases were Grays Harbor (+54%), Kittitas (+44.9%), Clark (+36.9%), Island (+29.9%), Chelan (+28.9%), and Skagit (+23.5%). The total dollar value of closed sales in April 2025 for residential homes was $4,393,208,459 and was $523,944,227 for condominiums $4,917,152,685 in total), an increase of 1.2% when compared to April 2024.
Months of Inventory
A balanced market is considered to be 4 to 6 months by most industry experts. At the current rate of sales, it would take around two and a half months (2.46) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in April 2025 were Snohomish (1.58), Kitsap (1.82), Pierce (1.93), Thurston (1.98), King (2.23), and Skagit (2.23).
Median Price
Overall, the median price for residential homes and condominiums sold in April 2025 was $650,000, a slight decrease of 0.2% when compared to April 2024 ($651,000). When compared to last month, the median price did not change ($649,999 in March 2025).
The three counties with the highest median sale prices were King ($907,000), Snohomish ($755,500), and San Juan ($665,000), and the three counties with the lowest median sale prices were Okanogan ($289,000), Columbia ($305,000), and Adams ($310,000).
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