Seattle Real Estate Market Update – May 2025

As we move closer to the summer season, Seattle’s real estate market is showing a dynamic mix of trends that reflect both resilience and transformation. Whether you're a buyer, seller, or just keeping an eye on the housing market, here's what happened in May 2025.

Inventory Is Growing But Still Limited

Seattle’s available housing inventory saw a notable jump this May with active listings up 47.2% year over year. This is a positive sign for buyers indicating more choices and a less frenzied environment than in previous years. The months supply of inventory increased from 1.7 to 2.3 moving Seattle closer to a more balanced market though it still leans in favor of sellers.

Homes Are Still Selling Quickly

Despite the bump in inventory homes aren’t sitting on the market for long. The average days on market increased slightly from 18 to 22 days suggesting a minor slowdown but demand remains strong.

Steady Demand and Strong Pricing Power

Even with more listings sellers continued to enjoy favorable conditions. The median sales price climbed to $900000 up from $865000 a year ago a 4% increase. Furthermore homes in Seattle are still selling above asking price with the average sale to list price ratio holding steady at around 102.1%. This indicates competitive offers and continued buyer urgency in many neighborhoods.

Transaction Volume Dips Slightly

The number of closed transactions dipped 4.9% from 793 in April 2024 to 754 in April 2025. This may reflect a combination of market adjustment and seasonal timing as buyers and sellers alike prepare for the more active summer months.

Key Takeaways for Buyers and Sellers

Sellers: Inventory is increasing but the market still favors well prepared listings. Pricing right and strategic marketing remain essential especially as buyers gain more options.

Buyers: More inventory means more choices but with homes still selling quickly and above asking price it's crucial to be prepared to act decisively when the right home comes along.

Seattle’s market is evolving but remains competitive. If you're considering a move whether buying selling or both now is the time to get expert advice and a strategic plan in place.

Have questions about your neighborhood or want to know what your home is worth in today’s market? Let’s connect!