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Washington State NWMLS Annual Market Review for 2025



Inventory Rose and Prices Held Steady

Sales Recap

The number of closed sales showed a slight year-over-year increase of 0.21%, up by 141 transactions compared to 2024’s total of 67,788. Total dollar volume also edged upward from just under $54.5 billion.

The median sales price for completed transactions reached $644,500, a 0.7% increase over 2024’s median of $640,000. For perspective, the median price in 2015 was $310,000, illustrating a decade of sustained home value growth. Homes sold for an average of 99.6% of the list price, reflecting a market that has gradually shifted away from the extremely competitive bidding conditions seen in earlier years.

Despite increased inventory, affordability constraints continued to weigh on market activity. Average active listings rose more than 34% compared to 2024, while new listings increased by only 8.9%, implying a longer time on the market for listings. As a result, sales transactions remained virtually unchanged, and median prices rose by less than 1%.

Listing Activity

When reviewing the overall inventory of all active listings, on average there were 16,007 active listings in the NWMLS database each month in 2025, a 34.4% increase from 2024’s average of 11,910.

Months of supply averaged 2.83 months, an improvement from the previous year’s 2.11 months, but still short of the 4–6 months typically associated with a balanced market. Inventory levels were lowest in March at 2.15 months and highest in September at 3.25 months.

Source: NWMLS 1/15/26

Feel free to contact me for more details and/or statistical graphs!

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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.

Read the article…

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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…