Market Snapshot: Navigating Real Estate Trends in King & Snohomish Counties - June 2025

With the 2025 selling season in full swing, May provided some interesting numbers for our local market.

Key Market Indicators

Deep Dive into the Numbers

Inventory:

The measure of market balance between sellers and buyers, climbed to 3.2 months in King County and 2.1 Months in Snohomish County reaching their highest levels in the past 3 years, though still below the 5-6 months needed for a ‘balanced’ market between sellers & buyers.

The uptick in inventory is common during late Spring & early Summer with inventory often peaking in June/July/August.

Days on Market:

The DOM also climbed by 1 day in King County to an average of 21 days, though it dropped by 1 day in Snohomish county to an average of 19 days.

List to Sell Ratio:

Ratios in King County averaged 100% which is down by 2.0% from last year when inventory was lower. In Snohomish County averages were 99.60% down 2.4% from last year.

Both of these metrics indicate a cooling sellers market with greater choice and leverage for buyers, however we are still seeing signs of strength for Sellers with:

• Multiple Offers on 30% of Listings
• Escalation Addenda on 15% of Listings
• Waived Financing Contingency on 37% of Listings
• Waived Inspection on 66% of Listings

So buyers are definitely not controlling the market, and it shows in our price stability.

Median Home Prices:

Median home prices are $870,000 in King County about 2.8% lower than this time last year, though these values are equal or higher than all but 4 months in history (April to July ‘24).  Whereas, home prices grew in Snohomish County by 3.0% since last year to $799,950.

Despite all of the mixed economic & political news surrounding our market, we’re still seeing buyers and sellers taking action with 9-12% more Pending listings in May ‘25 than the year prior, and 17-25% more new listings hitting the market.  Bottomline:

Sellers are bringing more properties to market… so there is greater choice for buyers than we’ve seen in a few years, which is wonderful for first time, move up and downsizing buyers.

Buyers are making offers and buying properties… which means even with increased inventory Sellers can be confident they will be able to sell their well prepared and priced properties.

If you have any questions about today’s market, and how you can make the most of it… give us a call. We’d be happy to talk to you about your goals and plans, and how we can help you leverage todays conditions to get where you want to go.

Looking Ahead:

We anticipate continued market activity, especially if interest rates stabilize and consumer confidence grows. Currently, it’s an excellent time for both buying and selling.

• Buyers: Ready to explore your options? Contact us for personalized listings and market insights! 
  
  
• Sellers: Thinking of listing? Get a free home valuation and market analysis. 
  
  
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