Seattle's housing market is showing signs of change, with a significant increase in active listings across Washington state. According to the Northwest Multiple Listing Service (NWMLS), active listings saw the largest year-over-year increase since 2022. This boost in inventory could signal a shift towards a more balanced market, offering potential opportunities for buyers.
Inventory Surge Across Washington
All 27 counties in the NWMLS service area experienced double-digit gains in active listings, bringing the total to 19,837. This represents a 38.8% increase from June 2024 and an 8.3% increase from May 2025. Experts believe this surge in available homes indicates a re-balancing of housing market trends.
Median Home Price Still Climbing
Despite the increased inventory, the median home price in June rose slightly to $670,000, a 1.5% increase from May and 3.1% from a year ago. High-cost counties like San Juan ($1,035,000), King ($913,563), and Snohomish ($775,000) continue to lead in median prices, while Columbia, Adams, and Ferry posted the lowest median prices in the state.
Mortgage Rates and Closed Sales
Even with mortgage rates averaging 6.77%, the number of closed sales in June climbed 1% year-over-year to 6,694, also rising 3.5% month-over-month. This suggests that despite high borrowing costs, buyers are still active in the market.
Market Dynamics Vary Across Counties
Some counties, such as Adams (+55.6%), Columbia (+33.3%), and Lewis (+29.7%), saw significant spikes in closed sales. Conversely, Kitsap, Snohomish, Thurston, Pierce, King, and Skagit counties recorded the lowest months of inventory, indicating continued competition in those specific areas.
Veteran Honored at Mariners Game
In a separate heartwarming story, Harvey Drahos, a 102-year-old World War II Army veteran, was honored by the Seattle Mariners and invited to throw out the first pitch at Friday's game. A fitting tribute to his service and dedication.