Active Listings

There was a 39.4% increase in total number of properties listed for sale year-over-year, with 10,448 active listings on the market at the end of February 2025, compared to 7,495 at the end of February 2024. When compared to the previous month, active inventory increased by 207 listings (+2%), up from 10,241 in January 2025.

The number of homes for sale year-over-year increased throughout the NWMLS coverage area, with 24 out of 26 counties seeing a double-digit year-over-year increase. The six counties with highest year-over-year increases in active inventory for sale were Kittitas (+76.7%), Snohomish (+65.3%), Grant (+54.2%), King (+52%), Whatcom (+48.2%), and Chelan (+42.7%).

Use the drop-down menu in the chart below to view the available inventory counts in each county:

New Listings

NWMLS brokers added 6,346 new listings to the database in February 2025, a year-over-year decrease of 2.6% compared to February 2024 (6,513). When compared to the previous month (January 2025), new listings decreased by 5.2%, when 6,693 listings were added to the NWMLS database.

In the Greater Puget Sound region, King County had a slight increase in the number of new listings added year-over-year (+3.2%), while new listings decreased in Snohomish, Pierce, and Kitsap counties (-9.5%, -11.4%, and -15.2%, respectively).  The three counties with the largest year-over-year increases were Kittitas (+37.5%), Grant (+34.4%), and Pacific (+16.13%).

Use the drop-down menu in the chart below to view the number of new listings added in each county:

Pending Sales

There were 5,863 residential units & condo units under contract in February 2025, a slight decrease (-1.4%) when compared to February 2024 (5,945). When compared to the previous month, the number of pending listings increased by 5.4%, up from 5,564 listings under contract in January 2025.

Changes in pending sales varied significantly across NWMLS’s 26-county coverage area. Nine counties experienced a double-digit increase in pending listings compared to the previous year, while another nine saw a double-digit decline. The remaining counties fell somewhere in between.

Use the drop-down menu in the chart below to view the pending sales in each county:

Closed Sales

The number of closed sales increased slightly by 1.9% year-over-year (4,268 in February 2025 compared to 4,189 in February 2024). When compared to the previous month, the number of closed sales increased by 14.5%, up from 3,727 sales in January 2025.

12 out of 26 counites saw an increase in the number of closed sales year-over-year. The six counties with the largest increases were Walla Walla (+44.4%), Chelan (+33.3%), Adams (+25%), Douglas (+22.7%), San Juan (+22.2%), and Clallam (+13%). The total dollar value of closed sales in February 2025 for residential homes was $2,856,599,410 and was $463,877,754 for condominiums ($3,320,477,164 in total), an increase of 5% when compared to February 2024.

Use the drop-down menu in the chart below to view the number of closed sales in each county:

Months of Inventory

A balanced market is considered to be 4 to 6 months by most industry experts. At the current rate of sales, it would take less than two and a half months (2.45) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in February 2025 were Snohomish (1.44), Thurston (2.04), Pierce (2.07), King (2.14), Kitsap (2.15), and Clallam (2.62).

Use the drop-down menu in the chart below to view the months of inventory in each county:

Median Price

Overall, the median price for residential homes and condominiums sold in February 2025 was $630,000, an increase of 3.6% when compared to February 2024 ($608,111). When compared to last month, the median price increased by 2.4%, up from $615,000 in January 2025.

The three counties with the highest median sale prices were San Juan ($880,000), King ($820,000), and Snohomish ($734,975), and the three counties with the lowest median sale prices were Columbia ($224,000), Pacific ($292,500), and Okanogan ($322,500).

Use the drop-down menu in the chart below to view the median sales price in each county:

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