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Washington State NWMLS Market Update for December 2025


Market Recap

The housing market in December closely mirrored conditions seen in October and November, continuing a pattern of rising inventory and softening prices. Active listings increased 23% year over year, while prices declined by approximately 2% for the third consecutive month compared to the same period in 2024. Closed sales rose just 4% from December 2024, indicating that buyer activity has not kept pace with the increasing inventory.

Key Takeaways

Active Listings

  • The total number of properties listed for sale increased 23% year over year, with 11,718 active listings on the market at the end of December 2025, compared to 9,524 at the end of December 2024. Month over month, active inventory declined by 24.7% (3,839 listings), down from 15,557 in November 2025.

Closed Sales

  • Closed sales increased 4.1% year over year, with 5,010 transactions in December 2025 compared to 4,812 in December 2024. Month over month, sales rose 2.9% from 4,870 in November 2025.

Median Sales Price

  • The median sales price for residential homes and condominiums sold in December 2025 was $612,250, down 1.8% from December 2024 ($623,500). Month over month, the median price declined 2.8% from $630,000 in November 2025.
  • The counties with the highest median sales prices were San Juan ($900,000), King ($808,500), and Snohomish ($730,000), while the lowest median prices were recorded in Columbia ($237,500), Okanogan ($300,000), and Pacific ($365,000).

Source: NWMLS 1/6/26

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Ensuring Public Availability of Residential Listings

I’m so glad that Washington Realtors® is standing up for what is best for buyers and sellers!

“As an organization, Washington REALTORS® is committed to advocating for you – our members – and your clients. We are the leading advocates for homeownership, with a long-standing record of representing the interests of homebuyers, sellers, and property owners throughout the state through our legislative advocacy efforts. Our top public policy priority has consistently been to build communities that have a strong economy and attractive, affordable home choices.

Each legislative session, our government affairs team and legislative steering committee watch for proposed legislation that could impact REALTORS®, our clients, or the industry in our state. While there’s a lot to cover in this short session, there’s one key bill that we anticipate dropping next week that you will see a lot about in the coming weeks – a bill intended to promote equal access to housing by ensuring public availability of residential listings.”

In this video update, WR President Ryan Beckett and Annie Fitzsimmons walk through this bill and why Washington REALTORS® decided to support it: https://vimeo.com/1152370938/f0bd7de906

FAQs: https://www.warealtor.org/advocacy-legal/government-affairs/legislation/2026-legislative-session/ensuring-public-listings

Stay tuned for updates, as WR Legislative Day is January 29, and we’ll be meeting with our Legislators from across the state in Olympia to advocate for this bill, as well as others.

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Stage Spaces That Social Media Loves

If you’ve ever scrolled through Instagram and suddenly felt inspired to reorganize your pantry or carve out a cozy reading nook, you’re not alone—and today’s homebuyers are feeling it, too. Social media is greatly shaping home design and staging.

Read the article…

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12 Remodeling Projects That Offer the Best Value at Resale

The home remodeling boom continues, as homeowners leverage their equity to take on a range of house projects, large and small. But are they choosing the best projects to help boost their home’s resale value?

A National Association of REALTORS® report revealed the home upgrades and remodeling projects with the greatest cost recovery for sellers.

Read the article…

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Let’s Talk About Compensation, Not Commission

It’s high time to rethink a real estate industry term that undercuts our professional image.

In real estate, words matter. They shape perception, professionalism and public trust. One word that deserves a closer look is commission.

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Icicles aren’t just pretty: Tips to preventing roof damage


While icicles dangling from a rooftop often symbolize the beauty of winter, experts say they really can indicate a potential seasonal hazard. They explain preventative measures and insurance consequences of ice dams.

Read the details…

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National Housing Snapshot for November 2025


Existing-home sales increased by 0.5% in November, according to the National Association of REALTORS® Existing-Home Sales Report. The Report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales, price, and inventory.

Month-over-month sales increased in the Northeast and South, showed no change in the West, and fell in the Midwest. Year-over-year sales showed no change in the Northeast and South, and decreased in the Midwest and West.

“Existing-home sales increased for the third straight month due to lower mortgage rates this autumn,” said NAR Chief Economist Lawrence Yun. “However, inventory growth is beginning to stall. With distressed property sales at historic lows and housing wealth at an all-time high, homeowners are in no rush to list their properties during the winter months.”

Total Existing-Home Sales for November

  • 0.5% increase in existing-home sales month over month to a seasonally adjusted annual rate of 4.13 million.
  • 1.0% decrease in sales year over year.

Inventory in November

  • 1.43 million units: Total housing inventory, down 5.9% from October and up 7.5% from November 2024 (1.33 million).
  • 4.2-month supply of unsold inventory, down from 4.4 months in October and up from 3.8 months in November 2024.

Median Sales Price in November

  • $409,200: Median existing-home price for all housing types, up 1.2% from one year ago ($404,400) – the 29th consecutive month of year-over-year price increases.

Read more details here…

Source: National Association of REALTORS® 12/19/25

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The Post-Flood Recovery Process in WA

Thousands of Western Washington residents evacuated their homes after the atmospheric river and ensuing flood event that started on December 8. As the recovery process begins, state Insurance Commissioner Patty Kuderer has guidance for both flood survivors and the insurance companies and adjusters handling their claims.

Read or listen to her article here…

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Holiday Staging Tips


Though the holidays are historically one of the slower seasons in real estate, that doesn’t mean that there aren’t any house-hunters out there looking to ring in the New Year in a new home. To strike the right note, make sure to show prospective buyers how your home can meet their holiday needs, without a lot of distracting decorations.

Read the article…

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Washington State NWMLS Market Update for November 2025

Market Recap

November 2025 saw more homes on the market year-over-year, with active listings up nearly 24%. Month-over-month, inventory declined as expected for this time of year, reflecting the typical seasonal slowdown heading into winter. Closed sales softened as well, falling 10.6% compared to last year and 21.7% month-over-month. The median sales price edged down slightly to $630,000.

Buyer activity remained steady, with property showings holding close to last year’s levels. Nearly 76% of listings were eligible for the NWMLS Down Payment Resource program, offering continued support and opportunities for homebuyers. Overall, the data reflects a market experiencing rising supply, moderate price adjustments, and stable buyer engagement heading into winter.

“Mortgage interest rates leveled off in November, ending the month at 6.23%. Persistent interest rates, combined with the usual seasonal downturn at this time of the year, have caused prices and sales to drop both month-over-month and year-over-year.” said Steven Bourassa, Director of the Washington Center for Real Estate Research at the University of Washington.

Key Takeaways

Active Listings

  • There was a 23.9% increase in total number of properties listed for sale year-over-year, with 15,557 active listings on the market at the end of November 2025, compared to 12,558 at the end of November 2024. When compared to the previous month, active inventory decreased by 3,234 listings (-17.2%), down from 18,791 in October 2025.
  • The number of homes for sale year-over-year increased in all of NWMLS’s coverage area, with 20 out of 27 counties seeing a double-digit year-over-year increase.

Closed Sales

  • The number of closed sales decreased by 10.6% year-over-year (4,870 in November 2025 compared to 5,446 in November 2024). When compared to the previous month, the number of closed sales decreased by 21.7%, down from 6,222 sales in October 2025.
  • 18 out of 27 counties saw a decrease in the number of closed sales year-over-year, while 6 saw an increase, and 3 showed no change.

Median Sales Price

  • The median sales price for residential homes and condominiums sold in November 2025 was $630,000 — a decrease of 2.3% when compared to November 2024 ($645,000). Compared to the previous month, the median price decreased by 1.6% ($640,000 in October 2025).
  • The three counties with the highest median sale prices were San Juan ($1,025,000), King ($830,000), and Snohomish ($719,000).

Source: NWMLS 12/3/25