Published May 12, 2025

Spring Market Snapshot: Navigating Real Estate Trends in King & Snohomish Counties (May 2025)

Written by Jamie Reece

Spring Market Snapshot: Navigating Real Estate Trends in King & Snohomish Counties (May 2025) header image.

Welcome to your May 2025 real estate market update! The spring season is showing promising signs despite ongoing market uncertainties. Let's dive into the latest data and what it means for you as a homeowner or potential buyer in King and Snohomish Counties.

Key Market Indicators

	King County	Snohomish County
Median Price	$914,500 (+5.7% MoM, +3.92% YoY)	$750,000 (0.0% MoM, +2.11% YoY)
Inventory (Months)	2.5 (+0.5 MoM, +0.9 YoY)	1.6 (+0.2 MoM, +0.6 YoY)
Days on Market	20 (-6 MoM, +2 YoY)	19 (-10 MoM, +4 YoY)
List to Sell Ratio	101.20% (+0.30% MoM, -1.10% YoY)	100.60% (+0.90% MoM, -1.80% YoY)

Deep Dive into the Numbers

Median Home Prices:

King County saw a significant 5.7% monthly jump in median home prices, bringing the yearly increase to nearly 4%. Snohomish County’s prices rose over 2% year-over-year. This indicates a robust seller’s market, especially in King County.

Inventory Levels:

While inventory is growing, we’re still far from a balanced market (4-6 months). King County has 2.5 months of supply, and Snohomish has only 1.6 months. This means sellers still have the advantage.

List to Sell Ratio:

Homes are still selling above the listing price, with King County at 101.2% and Snohomish at 100.6%. This shows strong buyer demand, although slightly lower than last year due to economic uncertainties.

Mortgage Rates and Market Drivers:

Current mortgage rates are at 6.76%, slightly up from last month but lower than last year. Rates are volatile, influenced by economic and political factors. However, they remain a key driver of market activity.

	Current	Last Month	1 Year Ago	12-Month Peak (May 2024)	12-Month Low (September 2024)
Mortgage Rates	6.76%	6.65%	7.17%	7.22%	6.08%

What Does This Mean For You?

Like the initial response to Covid in 2020, we’re navigating a period of uncertainty. However, the market remains strong. For buyers, there’s slightly more selection, while sellers can still capitalize on high demand and prices.

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.