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 July

As we move deeper into summer, Seattle’s housing market is shifting—but still strong. According to the latest data from June 2025, King County home prices hit a record-high median of $900,000, while inventory also surged—up 43% from this time last year. This is creating a rare mix of more selection for buyers and new strategy challenges for sellers.

We’re continuing to see active competition in the $700K–$1.2M range, but only for homes that are priced right and presented well. Overpricing can lead to longer market times and price drops, while strategic prep and pricing still lead to quick sales.

Condos are also making a comeback, with rising interest from first-time buyers, downsizers, and investors, especially in central and north Seattle.

Whether you’re buying, selling, or just keeping an eye on trends, this July market update offers a clear and current view of where things stand—and what moves make the most sense now.

🎥 Seattle Real Estate Market Update

Let’s break down the latest numbers…

Sales Activity and Inventory Levels

As we move into July, Seattle’s housing market is still strong—but beginning to shift as summer takes hold. While buyer demand remains steady, rising inventory is creating more balance between buyers and sellers, giving shoppers more choices and forcing sellers to be more strategic.

The insights below reflect the most recent data from June 2025, offering you a timely look at what’s happening in Seattle’s fast-moving real estate market—so you can plan your next move with confidence.

Sales Activity Intensity™

Seattle’s housing market maintained steady momentum through June. While buyer activity has cooled slightly from its spring peak, pending sales remained strong across core neighborhoods. Inventory in King County rose to 2.1 months, continuing the upward trend—but still below what’s considered a balanced market (4–6 months of inventory).

This ongoing imbalance means sellers still hold a pricing advantage, particularly in desirable locations and the $700K–$1.2M price range. Buyers are gaining more leverage with increased choices, but multiple-offer scenarios remain common for well-presented homes.

New Listings and Active Inventory

June continued the trend of rising inventory across the Seattle metro. Over 10,000 new listings hit the market across the region, marking one of the most active months we’ve seen in over a year. Active inventory in King County is now up 62% compared to last June, giving buyers significantly more to choose from—especially in mid-range price points.

This increase in supply is helping balance out demand and reduce the pressure of bidding wars, while still supporting strong pricing for sellers who prep and price well. If you’re planning to make a move, now is a great time to take advantage of a more dynamic market.

Days on Market

Homes are still selling fast, though we’re starting to see a slight shift. In June, the median number of days on market in Seattle rose slightly to 11 days, up from 9 the month before. This small uptick reflects growing inventory and a bit more breathing room for buyers—but homes that are well-priced and show-ready are still moving quickly and often receive strong offers within the first week.

Pricing Trends

Seattle home prices continue to push upward, reflecting strong demand and limited supply in key neighborhoods. In June 2025, the median sale price for single-family homes in Seattle climbed to $900,000—marking a new all-time high and a 5.0% year-over-year increase. This steady appreciation shows that despite growing inventory, the market remains highly competitive for well-located and well-maintained properties.

Single-Family Residences

• The market for single-family homes remains robust. Homes priced between $800K and $1.2M are still the most competitive, with many receiving multiple offers—especially in desirable areas like Wallingford, West Seattle, and Ballard. Move-in ready homes with thoughtful updates are commanding top dollar and moving quickly.

Condos

• Seattle’s condo market continues to rebound as buyers look for more affordable entry points. In June, condo sales remained strong, and values were up 7.2% year-over-year in King County. With inventory on the rise—especially in transit-friendly hubs like Capitol Hill and First Hill—buyers now have more options and negotiating power than in recent years.
• Even with more homes coming online, the mix of high buyer interest and rising prices means sellers still hold a strategic advantage—particularly if they price appropriately and market well.

In July, we’re reviewing the latest available market data from June 2025, when inventory in King County held steady at 1.86 months—still well within seller’s market territory. Buyer demand remained strong, with homes selling in a median of just 9 days across Seattle. This continued pattern of low inventory, rising prices, and quick sales underscores the competitive pace of Seattle’s early summer housing market and the importance of strategic pricing and preparation for both buyers and sellers.

Market Outlook

As of July, Seattle’s real estate market remains active and competitive, with early summer momentum continuing to benefit both buyers and sellers. Inventory levels have grown modestly, giving buyers more selection, while well-prepared, appropriately priced homes are still moving quickly. Mortgage rates are hovering near 6.86%, influencing affordability and buyer behavior. As we move deeper into the summer market, strategic pricing, presentation, and negotiation remain essential to success on both sides of the transaction.

Advice for Buyers and Sellers

Buyers: Seattle homes are still moving quickly—many in just 9 days or less—especially those that are well-priced and well-prepped. If you’re planning to buy this summer:

• ✅ Get pre-approved early so you’re ready to write strong offers. Sellers prioritize buyers with financing already lined up.
• ✅ Act fast when you see a home you love—especially in competitive areas like Green Lake, Maple Leaf, and West Seattle.
• ✅ In multiple-offer situations, small details matter: strong earnest money, flexible timelines, and a personal letter can give you an edge.
• ✅ Stay in touch with your lender. Mortgage rates are hovering around 6.86%, and even slight changes can affect your affordability.

Sellers: July is a great time to list—buyer activity is high, and there’s still a sense of urgency. But with more homes on the market, you’ll need a smart strategy to stand out:

• 🧼 Prep like a pro. Deep cleaning, touch-ups, and neutral staging help create that emotional “yes” moment for buyers.
• 📸 Make your online debut count. With most buyers starting their search online, professional photography and targeted marketing are non-negotiables.
• 💰 Price it right the first time. A strategic price creates momentum and can lead to multiple offers. Overpricing leads to price drops and lost momentum.
• 📦 Be prepared for a quick sale—buyers are still moving fast on homes that check the right boxes.

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 Q2 2025

As the second quarter of 2025 comes to a close, the Seattle real estate market continues to reflect a dynamic mix of growth and recalibration. While rising inventory is creating more opportunities for buyers, well-prepared and well-priced homes are still moving quickly—especially in high-demand neighborhoods like Ballard, Green Lake, and Shoreline.

1. Market Activity & Home Sales: From April through June, buyer activity stayed robust. In King County, inventory hovered around 1.86 months, still signaling a seller-favored market—though more balanced than in years past. Homes in Seattle continued to sell in a median of 9 days, showing that buyer demand is alive and well for homes that are marketed properly and priced right.

2. Price Trends: The median sale price for single-family homes in Seattle reached $857,000 by the end of Q2, marking a 1.4% year-over-year increase. Condos also gained momentum, with prices climbing and buyer interest growing, especially in neighborhoods with strong transit access and walkability. While price appreciation is more measured than during the boom years, it reflects a sustainable and healthy market.

3. Inventory Levels:Inventory began to rise in early spring and continued climbing through Q2, giving buyers more breathing room in an otherwise competitive market. By the end of June, King County had 2.1 months of inventory—a notable increase from earlier in the year, but still well below the 4–6 months typically seen in a balanced market.

While new listings have picked up compared to Q1, the pace of buyer demand still outpaces supply in many desirable Seattle neighborhoods. This means well-priced, move-in ready homes are still going pending quickly—often with multiple offers. The slight increase in inventory is a welcome shift for buyers, but it’s not yet enough to tip the scales.

As we move into July, the market remains active, and thoughtful pricing continues to be essential for sellers who want to stand out.

4. Neighborhood Highlights: During Q2, Seattle-area neighborhoods like Bothell, Shoreline, Ballard, West Seattle, and Northgate continued to show strong buyer interest. Bothell remained highly competitive with multiple-offer situations on well-priced homes, driven by family-friendly layouts and top-rated schools. Shoreline gained momentum again thanks to its expanding light rail access and larger lots—making it especially appealing to move-up buyers and those seeking more space.

Ballard and West Seattle stayed in demand for their walkability, character homes, and vibrant neighborhood feel. Meanwhile, Northgate attracted both investors and first-time buyers due to its affordability and improving transit infrastructure, especially around the new light rail hub.

5. Economic & External Factors: Mortgage rates hovered around 6.74% throughout Q2—still higher than the historic lows of the pandemic but relatively stable month over month. Despite national concerns around inflation and interest rate volatility, Seattle’s tech, healthcare, and biotech sectors remain strong. This has helped support steady buyer activity and local confidence in the housing market.

Buyers continued to adapt by negotiating rate buydowns, exploring adjustable-rate mortgage options, and staying strategic in their search—prioritizing value, location, and long-term potential.

6. Looking Ahead: As we head into July, market momentum remains solid. Sellers who list now are entering a window with active buyers and low competition—provided their homes are priced well and show-ready. Homes with curb appeal, thoughtful staging, and strategic marketing are still seeing multiple offers.

Buyers should stay prepared by getting pre-approved and moving quickly when the right home comes up. With inventory up slightly, there are more choices—but the best homes still move fast, especially in well-connected, lifestyle-driven neighborhoods.

Townhouse For Sale Sold

• $345,000
• 2 bd
• 2 ba
• 1061 sqft

Modern 2-Bedroom Townhome In The Lakes, Kent, WA

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 Sold

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

Classic 3-Bedroom Tudor on Candy Cane Lane

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.