Real Estate Market Update: August 2025

The housing market in King, Pierce, Snohomish, and Thurston counties have seen a significant increase in the number of homes for sale, with a 37.42% year-over-year rise in active listings by the end of July 2025, according to the Northwest Multiple Listing Service (NWMLS). This increase is also evident across most of the NWMLS coverage area, with 26 out of 27 counties experiencing double-digit growth. 

The months of inventory, which indicate how long it would take to sell all available homes at the current sales pace, remains low, with most counties having less than 3 months of inventory, indicating a seller's market. 

A balanced market is generally considered to have 4 to 6 months of inventory. The current market conditions, with low months of inventory, favor sellers.

Increased home listings generally favor buyers and put pressure on sellers. With more properties on the market, buyers have more choices and negotiating power, potentially leading to lower prices and more favorable terms. Sellers, on the other hand, face increased competition and may need to adjust their prices or offer concessions to attract buyers. 

What does this mean for you? Let's schedule a free consultation. This is an initial conversation, no-cost meeting to discuss your situation, ask questions, and explore options without obligation.