Active Listings

There was a 25% increase in total number of properties listed for sale year-over-year, with 9,524 active listings on the market at the end of December 2024, compared to 7,617 at the end of December 2023. When compared to last month, active inventory decreased by 3,034 listings (-24.1%), down from 12,558 in November 2024.

The number of homes for sale year-over-year increased throughout the NWMLS coverage area, with 21 out of 26 counties seeing a double-digit year-over-year increase. The counties with highest year-over-year increases in active inventory for sale were Snohomish (+46.1%), Douglas (+43.3%), Cowlitz (+40.8%), Grant (+39.9%), Skagit (+38.2%), and King (+33.8%).

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

New Listings

NWMLS brokers added 3,166 new listings to the database in December 2024, an increase of 9.8% compared to December 2023 (2,884). When compared to last month (November 2024), new listings decreased by 33.6%, when 4,768 listings were added to the NWMLS database.

The six counties with the largest increase in the number of new listings added to the NWMLS database last month were Lewis (+52.5%), Chelan (+38.7%), San Juan (+25%), Snohomish (+20.3%), Cowlitz (+19.6%), and King (+18.5%).  

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

Pending Sales

There were 4,312 residential units & condo units under contract in December 2024, an increase of 5.2% when compared to December 2023 (4,098). When compared to last month, the number of pending listings decreased by 21.8%, down from 5,516 listings under contract in November 2024.

17 out of 26 counties saw a year-over-year increase in the number of pending listings, with the highest year-over-year increases in Clallam (+86.5%), San Juan (+50%), Jefferson (+50%), Ferry (+50%), Mason (+47.5%), and Skagit (+39.1%).

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 by 19.8% year-over-year (4,812 in December 2024 compared to 4,018 in December 2023). 20 out of 26 counites saw an increase in the number of closed sales year-over-year. The total dollar value of closed sales in December 2024 for residential homes was $3,284,574,394 and was $409,740,278 for condominiums ($3,694,314,671 in total), an increase of 24.8% when compared to December 2023.

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 months (1.98) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in December 2024 were Snohomish (1.09), Kitsap (1.51), Thurston (1.58), King (1.63), Pierce (1.75), Clallam (2.01), and Skagit (2.05).

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 December 2024 was $623,500, an increase of 4.3% when compared to December 2023 ($597,975). When compared to last month, the median price decreased by 3.33%, from $645,000 in November 2024.

The three counties with the highest median sale prices were San Juan ($849,500), King ($800,000), and Snohomish ($744,995), and the three counties with the lowest median sale prices were Ferry ($125,000), Adams ($292,300), and Pacific ($320,000).

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

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