Seattle Real Estate Market Update – July 2025

For the first time in years, Seattle’s housing market is showing signs of balance. This is good news for both buyers and sellers.

According to the July 2025 market report, inventory has finally caught up with demand, nudging Seattle into what real estate professionals consider a balanced market. This means neither buyers nor sellers have a significant advantage, and we are seeing more predictable trends in both pricing and availability.

By the Numbers: July 2025 Snapshot

  • Months Supply of Inventory: 2.6 (June 2024) to 2.8 (June 2025)
    A months supply between 2 and 4 is generally considered balanced. Seattle is right in that sweet spot.

  • Active Listings: 2,453 (June 2024) to 1,876 (June 2025)
    Inventory is up compared to recent years, providing more choices for buyers, even with a slight year-over-year dip in active listings.

  • Closed Transactions: 718 (June 2024) to 860 (June 2025)
    An 8.8% increase in closed sales signals healthy activity in the market.

  • Median Sales Price: $935,000 (June 2025) vs $859,000 (June 2024)
    Prices continue to rise, but at a moderate pace. This is an indicator of market stability.

  • Average Days on Market: 18 (June 2024) to 22 (June 2025)
    Homes are spending a bit more time on the market, another sign that frenzied bidding wars are cooling.

  • List Price vs. Sell Price: 101.55% (June 2024) to 100.83% (June 2025)
    Sellers are still getting very close to or just above asking price, but the days of extreme overbidding seem to be behind us.

What Does a Balanced Market Mean for You?

For Buyers:
You will find more selection and less competition than in years past. While prices remain high, you may have more negotiating power and time to consider your options.

For Sellers:
Homes are still selling at strong prices, but it is more important than ever to price competitively and present your home well. With increased inventory, buyers can afford to be choosier.

For Everyone:
Seattle’s real estate market is no longer the extreme seller’s market it once was, but demand for quality homes remains steady. This balanced environment brings a sense of normalcy and predictability that has been missing for years.

Thinking About Buying or Selling?

Whether you are considering making a move or just want to keep an eye on the market, it is important to stay informed. Reach out to discuss how these new trends could affect your goals and what steps to take in this newly balanced market.

Jessica Van Buskirk