Seattle Property Insights: Latest Market Updates & Future Trends

Welcome to HomePro Associates, your go-to resource Seattle real estate market update. We are here to keep you informed with the latest market trends, key statistics, and insightful analysis of Seattle’s real estate landscape.

Whether you’re buying, selling, or investing, our goal is to provide you with the knowledge and tools you need to make smart, confident decisions in today’s competitive market. From neighborhood insights to pricing trends, we cover all the essentials to help you navigate Seattle’s ever-evolving real estate environment.

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Seattle’s Real Estate Market Update for June

As we move into early summer, Seattle’s housing market continues to show signs of strength and balance. According to the latest data from May, we saw a 24% increase in new listings and 50% more homes on the market compared to the same time last year. This added inventory is giving buyers more choices—especially in the $700K–$1.2M price range—while sellers are still benefiting from steady demand and competitive offers.

Condo values are also trending upward, with renewed interest from both first-time buyers and investors. Overall, the Seattle housing market feels more dynamic and less frantic than recent years, offering real opportunities for both sides of the transaction.

Whether you’re preparing to list your home, searching for the right property, or just staying informed, this June update gives you a clear look at where the market stands—and where it may be headed next.

https://youtu.be/bqciZKaYsH0Let’s take a closer look at the numbers.

Sales Activity and Inventory Levels

As we move into June, Seattle’s housing market continues to show strength as we progress through the busy spring season. While buyer demand remains high, rising inventory is beginning to reshape the playing field, offering more options for buyers while still favoring well-prepared sellers.

The insights below reflect the most recent available data from May 2025 and earlier, helping you stay ahead of the curve in this fast-moving market.

Sales Activity Intensity™

The Seattle market continues to demonstrate healthy momentum. In May, pending sales remained strong, building on a 29.5% increase from February to March. Inventory levels in King County reached 1.86 months—still well below balanced market conditions, reinforcing the seller-friendly environment. This spring is offering more opportunity for buyers, but competition is still tight in popular price points and neighborhoods.

New Listings and Active Inventory

As of May, we saw a surge in new listings with 9,161 homes added in March—a 14.1% year-over-year increase and a 44.4% jump from February. Total active listings hit 11,640, which is up 43.7% from last year. In King County, active inventory was up nearly 60%. This expanding supply is welcome news for buyers who have been dealing with low selection over the past year.

Days on Market

Homes are still moving quickly. In May, the median number of days a home stayed on the market was just 9 days in Seattle. This reflects strong buyer demand, especially for homes that are priced appropriately and move-in ready.

Pricing Trends

Home prices in Seattle continue to rise steadily. In May 2025, the median sale price for single-family homes reached $857,000, a 1.4% increase compared to the same month last year. While appreciation has moderated from the double-digit growth we saw during the pandemic era, the market remains stable and attractive to long-term buyers.

Single-Family Residences

• Seattle’s single-family home market saw modest but consistent price growth through May, with strong interest from buyers looking to secure property before rates or competition increase further. Homes in the $800K–$1.2M range remain especially competitive, depending on neighborhood and condition.

Condos

• Condos continue to gain traction with both first-time buyers and investors. While May-specific condo pricing data is still being finalized, April trends showed condo prices up nearly 12% year-over-year, with activity centered in transit-accessible neighborhoods. Inventory has also grown, giving buyers a broader range of choices than we’ve seen in previous years.

In May, we’re reviewing the latest available market data from April 2025, when inventory in King County reached 1.86 months—still well within seller’s market territory, though slightly up from February. Buyer demand remained strong, with homes selling in a median of just 9 days. This continued trend of low inventory, steady pricing, and quick sales highlights the competitive landscape of Seattle’s spring housing market.

Market Outlook

As of June, Seattle’s real estate market remains active, competitive, and slightly more balanced than a year ago. Inventory growth is giving buyers more room to negotiate, while well-priced homes continue to sell quickly. Mortgage rates are holding around 6.74%, shaping affordability and buyer strategy. With the spring market in full swing, thoughtful pricing, prep, and negotiation are key for both sides of the transaction.

Advice for Buyers and Sellers

Buyers: Seattle’s market remains fast-moving, and homes that are priced well are still going pending in just over a week—often within 9 days. To stay competitive in June:

• Get pre-approved before you start touring. Sellers take offers more seriously when financing is already in place.
• Move quickly when you find the right home—especially in high-demand neighborhoods like Ballard, West Seattle, and North Beacon Hill.
• Stand out in multiple-offer situations by offering flexibility on timing, increasing earnest money, or writing a compelling cover letter.
• Watch interest rates closely. With rates hovering around 6.74%, even small shifts can impact your monthly payment, so stay in close contact with your lender.

Sellers: Inventory is up compared to early spring, but demand is still strong, making June a great time to list. That said, buyers now have more to choose from—so your home has to shine:

• Preparation is everything. Deep cleaning, minor repairs, and simple staging can dramatically improve first impressions.
• Online presence matters. Professional photography and a solid digital marketing plan are must-haves in this visual, mobile-first market.
• Be smart about pricing. A well-priced home draws attention and encourages strong, competitive offers—overpricing can mean being left behind.
• Be ready to move. Homes that are show-ready and accurately priced are still attracting multiple offers and fast closings.

As we move into the heart of the season, success in Seattle’s market—whether you’re buying or selling—comes down to preparation, strategy, and acting on good advice. If you’re ready to make your move this summer, I’m here to help you do it right. 🌿🏠

Looking Back at Q1 2025

As the first quarter of 2025 wraps up, the Seattle real estate market continues to demonstrate strength and adaptability, with notable trends emerging from January through March. Despite economic headwinds and fluctuating mortgage rates, buyer activity remained strong and seller confidence began to rise with the onset of the spring selling season.

1. Market Activity & Home Sales: Q1 is typically a time when real estate activity begins to pick up after the winter slowdown—and this year was no exception. Seattle saw a 29.5% increase in pending sales from February to March, signaling a clear uptick in buyer demand. Homes sold quickly, with median days on market holding steady at just 9 days, reflecting a highly competitive environment where well-priced and well-presented homes moved fast.

2. Price Trends: Home prices continued their upward trend in Q1, with the median sale price in Seattle reaching $857,000 in March, a 1.4% increase year-over-year. This moderate but consistent growth highlights ongoing demand, especially for single-family homes in desirable neighborhoods. While mortgage rates hovered around 6.74%, buyers remained active—adjusting their expectations and leveraging rate buydowns and flexible financing to stay competitive.

3. Inventory Levels: Inventory began to rise in March, signaling the start of the spring market, but supply remains well below historical norms. King County had 1.86 months of inventory at the end of March—still a clear seller’s market. While new listings are up significantly compared to earlier in the year, the pace of buyer demand continues to outstrip supply in many neighborhoods. As we enter April, this modest increase in inventory gives buyers slightly more choice, though competition remains intense for well-priced homes.

4. Neighborhood Highlights: In Q1 2025, Seattle-area neighborhoods like Bothell, Shoreline, Ballard, West Seattle, and Northgate stood out for strong buyer demand. Bothell saw rising prices and multiple offers, while Shoreline remained attractive for its light rail access and spacious lots despite earlier price dips. Ballard and West Seattle continued to appeal to buyers seeking walkable, charming communities, and Northgate gained traction with its growing transit hub and affordability. These trends highlight a shift toward well-connected, lifestyle-focused neighborhoods offering long-term value.

5. Economic & External Factors: Mortgage rates hovered around 6.74% at the end of March, steady but still higher than pandemic-era lows. Despite this, Seattle’s job market remains strong, particularly in tech, biotech, and healthcare—supporting buyer confidence and driving continued market activity. Economic uncertainty and inflation concerns persist nationally, but local fundamentals in Seattle remain solid, helping to stabilize housing demand. Buyers are adapting with rate buydowns, creative financing, and more strategic home searches.

6. Looking Ahead: As we move into April and deeper into spring, market activity is expected to ramp up. Sellers who list now are entering a favorable window, with strong buyer activity and rising seasonal momentum. Homes that are well-prepared—professionally staged, priced strategically, and marketed effectively—are still receiving strong interest and multiple offers in many areas.

Buyers, on the other hand, should stay focused and get pre-approved to move quickly. With more homes hitting the market, opportunities are expanding—but competition for the best listings remains fierce.

Condo For Sale

• $ 325,000
• 1 bd
• 1 ba
• 730 sqft

Move-In Ready Shoreline Condo – Ground Floor Unit with Pool and Patio

Home For Sale Pending

• $900,000
• 3 bd
• 1.5 ba
• 1,730 sqft

Classic 3-Bedroom Tudor on Candy Cane Lane

Home For Sale Sold

• $628,000
• 2 bd
• 1 ba
• 930 sqft

2-Bedroom Home with Bonus Space and Future Growth Options in Seattle

Market Recap: Highlights from Fall & Winter 2024

October 2024:

• Market Activity: The market experienced a surge in new listings, with 1,566 homes entering the Seattle market—the highest since 2020. Despite this influx, inventory levels decreased from 2.5 to 2.3 months, indicating that buyer demand remained robust, absorbing the new supply.
• Price Trends: The median home price was approximately $850,000, reflecting a stable market with steady demand.
• Inventory Levels: Despite the increase in new listings, the strong buyer activity led to a decrease in overall inventory, highlighting the market’s competitiveness.

November 2024:

• Market Activity: The market experienced a surge in new listings, with 1,566 homes entering the Seattle market—the highest since 2020. Despite this influx, inventory levels decreased from 2.5 to 2.3 months, indicating that buyer demand remained robust, absorbing the new supply.
• Price Trends: The median home price was approximately $850,000, reflecting a stable market with steady demand.
• Inventory Levels: Despite the increase in new listings, the strong buyer activity led to a decrease in overall inventory, highlighting the market’s competitiveness.

December 2024:

• Market Activity: The market maintained its momentum, with continued buyer interest leading to quick sales.
• Price Trends: The average home value in Seattle reached $851,513, marking a 3.7% increase over the past year.
• Inventory Levels: The number of homes for sale increased, reaching the highest inventory levels since 2019, providing buyers with more choices.