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Seattle’s Real Estate Market Update for December 2025
As we head into the holiday season, Seattle’s housing market continues its steady late‑year slowdown — a normal seasonal pattern — paired with the broader cooling trend we’ve seen throughout 2025. While the frenzy of previous years has eased, the market remains generally stable, with neither buyers nor sellers holding a decisive upper hand.
Inventory is still higher than it was a year ago, giving buyers more breathing room, more selection, and more negotiating power than we’ve seen in several past fall seasons. Homes are taking longer to sell compared to the peak of the market, and it’s now common for buyers to request — and receive — concessions such as closing‑cost credits, inspection repairs, or help with rate buydowns.
That said, not all parts of the market are slowing equally. Well-priced, turnkey homes — especially those in the $700K–$1.1M range — continue to attract strong attention and can still sell quickly in high-demand neighborhoods such as Ballard, West Seattle, Bellevue, and parts of North Seattle.
One area that continues to stand out is the Redmond condo market. With single-family homes becoming increasingly expensive across the Eastside, many buyers — especially tech workers in the Microsoft/520 corridor — are turning to condos for a more approachable entry point. Demand remains steady in this segment, particularly for newer buildings or well-maintained communities with strong HOAs.
Overall, November rewards strategy.
➡️ Buyers benefit from slower competition, more negotiating room, and the ability to take their time.
➡️ Sellers who price correctly and present their home well are still achieving solid outcomes, even if the days-on-market extend slightly longer than earlier in the year.
If you’re preparing to buy or sell this winter, thoughtful planning will make a big difference in your success.
🎥 Seattle Real Estate Market Update – December 2025
As we move through November, Seattle’s real estate market continues its expected seasonal deceleration following a relatively active summer and early fall. Buyer activity has softened slightly — in part due to continued concerns about interest rates — but demand remains steady for well-presented homes, particularly in popular neighborhoods and price ranges.
Inventory remains elevated compared to the prior year, giving buyers more options and increasing leverage in negotiations. New listings have slowed slightly from earlier in the fall, but active inventory is still near multi-year highs. Homes in less-than-pristine condition or priced above local averages are staying on the market longer and often seeing price adjustments.
That said, homes priced between $700K and $1.1M — especially those that are move-in ready and professionally staged — continue to see meaningful buyer interest. Presentation and pricing strategy remain key.
Sales Activity Intensity™
The pace of sales has shifted toward a more balanced environment. Months of inventory across King County is trending around 3 months — still technically a seller’s market, but far from the ultra-competitive conditions of recent years. The days of routine bidding wars are mostly behind us, and multiple offers are now reserved for standout properties in sought-after locations.
Buyers are taking more time to shop, compare, and negotiate, while sellers are increasingly offering concessions or adjusting pricing expectations to get deals done before year-end.
New Listings and Active Inventory
Condo markets — particularly in Redmond, Bellevue, and Downtown Seattle — are showing renewed activity. With affordability continuing to challenge many single-family homebuyers, condos remain a smart entry point for both first-time buyers and investors seeking lower price points in desirable, well-connected areas.
As we move into December, the pace of new listings is expected to slow further, but serious buyers will still be in the market, taking advantage of motivated sellers and reduced competition. For sellers, now is a strategic window to prepare and list while inventory remains relatively high — but before winter hibernation sets in.
Homes are still selling, but buyers are taking more time to decide. In November, the median days on market in Seattle increased to 27 days, up from 24 in October and 21 in September.
That said, move-in-ready homes in highly desirable areas like North Seattle, Bellevue, and Shoreline are still moving quickly — typically within 7 to 10 days if priced strategically. Listings that are dated or overpriced are seeing longer market times, especially as buyers become more cautious during the holiday season.
Seattle-area home prices continued their slow seasonal slide in November. The median sale price for single-family homes hovered around $845,000, representing a ~1% dip from October and roughly 4% lower than the same time last year.
This trend reflects normal end-of-year softening, not a major market shift. Buyers remain budget-conscious due to elevated interest rates, but they’re still ready to act on homes that are well-prepared and appropriately priced.
Homes that show well, are prepped for market, and priced at or slightly below recent comparables continue to receive strong interest and can still go pending quickly — often in under two weeks. Overpriced or underwhelming listings? Expect longer DOM and one or more price reductions before attracting offers.
Single-Family Residences
Condos
In November, the latest data for King County shows inventory continuing to rise — with months‑of‑supply climbing to approximately 3.1 months, a level not seen since 2020.
Buyer demand remains steady but cautious, as elevated interest rates and larger inventory give prospective buyers more time to shop, compare, and negotiate. Homes are no longer flying off the market — buyers are taking their time.
Across much of Seattle, the median days on market (DOM) has increased — many homes now take 3–4 weeks on average to sell, compared to a faster pace earlier in the year.
As of November, Seattle’s real estate market remains cooling but stable. Inventory has climbed to about 3.1 months of supply, the highest since 2020, while buyer demand stays steady yet selective. Homes are taking longer to sell, but well-priced, well-presented listings continue to move within a few weeks.
The average 30-year mortgage rate is now hovering near 6.9%, keeping affordability tight and encouraging buyers to take a more measured approach. Despite these challenges, the market remains balanced and orderly—a clear correction, not a collapse.
Heading into winter, Seattle’s housing landscape rewards strategy over speed. Buyers have more leverage, while sellers who price realistically and prepare their homes well can still achieve solid results. Success now depends on market knowledge, presentation, and precision pricing.
Buyers: Seattle buyers are finally in a stronger position. With homes now taking an average of 24 days to sell, there’s less competition and more room to negotiate. Still, desirable listings—especially in Ballard, Green Lake, and West Seattle—can move quickly when priced right.
Sellers: November still offers opportunity for motivated sellers, but success now depends on precision and presentation. With inventory at its highest level since 2020, buyers are comparison-shopping carefully, making pricing and marketing more important than ever.
As we head into the holiday season, the key for both buyers and sellers is strategy over speed. Seattle’s housing market continues to cool gradually, but opportunities remain strong for those who understand today’s dynamics and make data-driven, well-timed moves.
Looking Back at Q3 2025
As we review the third quarter of 2025—covering July through September—Seattle’s housing market clearly transitioned from a high-activity summer into a cooler, more balanced fall. The market’s momentum slowed modestly, shaped by higher interest rates, growing inventory, and increasingly selective buyers. Still, well-priced and well-presented homes continued to attract solid activity, particularly in core neighborhoods like Ballard, Green Lake, and Shoreline.
1. Market Activity & Home Sales: Throughout Q3, buyer demand remained steady but more cautious. In King County, inventory averaged 2.7 months, the highest level we’ve seen since 2021—signaling a clear move toward balance. Homes sold in a median of 19 days, up from single digits in the spring, showing that buyers now have more time to compare options and negotiate. Even so, turnkey homes under $1.1M in popular areas continued to sell quickly when priced right.
2. Price Trends: The median sale price for single-family homes in Seattle averaged $870,000 for Q3, representing a 2% decline from Q2 and about 4% lower year-over-year. This softening reflects the normalization of the market, not a crash—pricing is simply adjusting to reflect today’s higher financing costs and broader inventory.
3. Inventory Levels: Inventory continued to build throughout the third quarter, marking one of the most significant shifts of 2025. By the end of September, King County inventory reached 2.9 months, up from 2.1 months in June and representing the highest level in over two years. This increase has given buyers noticeably more breathing room, signaling a transition toward a more balanced market.
While new listings held steady through summer, many sellers found themselves competing for attention as buyer urgency eased. In popular neighborhoods like Ballard, Ravenna, and West Seattle, turnkey homes priced correctly still went pending within two weeks—sometimes with multiple offers—but others lingered longer, often requiring price adjustments.
The uptick in supply is a welcome change for buyers, providing more time and options, but inventory remains below the 4–6 months that defines a true buyer’s market. For now, balance—not a downturn—is the defining theme of Q3.
4. Neighborhood Highlights: During Q3, Seattle-area neighborhoods showed diverging trends depending on price point and location. Ballard, West Seattle, and Green Lake remained active, attracting consistent demand for their walkability, charming homes, and community feel. These areas saw homes sell fastest when listed under $1.1M and move-in ready.
Shoreline and Bothell continued to perform well, thanks to light rail expansion, excellent schools, and more suburban space for families. Shoreline, in particular, saw renewed buyer interest from commuters seeking larger lots within reach of downtown.
Meanwhile, Northgate and Lynnwood gained traction among both investors and first-time buyers due to expanded light rail service and more affordable condo and townhouse options. Overall, neighborhoods offering value, lifestyle convenience, and strong transportation links outperformed higher-priced or less updated areas.
5. Economic & External Factors:Mortgage rates fluctuated between 6.6% and 7.0% throughout Q3, maintaining pressure on affordability but showing relative stability compared to earlier volatility. While higher borrowing costs slowed some discretionary moves, Seattle’s diverse economy—anchored by tech, healthcare, and biotech—remains resilient, keeping local employment strong and supporting steady buyer activity.
Buyers are adapting to the new rate environment by using seller-paid rate buydowns, ARMs (adjustable-rate mortgages), and other creative financing strategies to stay competitive. Inflation has cooled slightly since spring, offering cautious optimism that rates could ease further heading into 2026.
6. Looking Ahead: As we move into Q4 2025, Seattle’s real estate market is expected to maintain a measured, balanced pace. Sellers who list this fall will face more competition, but well-priced, well-presented homes can still stand out and sell efficiently. The key to success is preparation: fresh staging, strong marketing, and pricing aligned with current conditions.
For buyers, the fall market presents opportunity. With more inventory and fewer bidding wars, well-prepared buyers who are pre-approved and decisive can secure excellent homes without the frenzy of years past.
While the market has cooled from its spring highs, Seattle remains fundamentally strong. The region’s economic stability, growing population, and long-term housing demand continue to support values—making Q4 a season for smart, strategic moves, not panic or retreat.
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The Puget Sound Market Update with Emily Cressey shares market insights and tips for buyers and sellers in the always evolving Seattle – Bellevue – Everett real estate market. Whether you want to buy, sell, or invest, our market insights will help you track market trends and make smart decisions.
