Active Listings

There was a 44.6% increase in total number of properties listed for sale year-over-year, with 10,241 active listings on the market at the end of January 2025, compared to 7,084 at the end of January 2024. When compared to last month, active inventory increased by 717 listings (+7.5%), up from 9,524 in December 2024.

The number of homes for sale year-over-year increased throughout the NWMLS coverage area, with 22 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 (+96.9%), King (+62.6%), Skagit (+54.4%), Kittitas (+53.8%), Grant (+48.8%), and Island (+48.7%).

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

New Listings

NWMLS brokers added 6,693 new listings to the database in January 2025, an increase of 35.1% compared to January 2024 (4,954). When compared to last month (December 2024), new listings increased by 111.4%, when 3,166 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 San Juan (+145.5%), Kittitas (+127%), Chelan (+102.6%), Lewis (+90.2%), Grant (+74.2%), and Island (+68.6%).    

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

Pending Sales

There were 5,564 residential units & condo units under contract in January 2025, an increase of 5.3% when compared to January 2024 (5,282). When compared to last month, the number of pending listings increased by 29%, up from 4,312 listings under contract in December 2024.

19 out of 26 counties saw a year-over-year increase in the number of pending listings, with the highest year-over-year increases in San Juan (+80%), Walla Walla (+48.3%), Douglas (+31.3%), Chelan (+28%), Grant (+24%), and Lewis (+22.5%).  

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 10.8% year-over-year (3,727 in January 2025 compared to 3,364 in January 2024). 18 out of 26 counites saw an increase in the number of closed sales year-over-year. The total dollar value of closed sales in January 2025 for residential homes was $2,471,486,679 and was $377,558,816 for condominiums ($2,849,045,495 in total), an increase of 17.4% when compared to January 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 three months (2.75) to sell every home that is active in the NWMLS inventory. The five counties with the lowest months of inventory in January 2025 were Snohomish (1.69), Kitsap (2.14), Pierce (2.23), Thurston (2.37), and King (2.54).  

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 January 2025 was $615,000, an increase of 3.6% when compared to January 2024 ($593,500). When compared to last month, the median price decreased by 1.7%, from $623,500 in December 2024.

The three counties with the highest median sale prices were San Juan ($850,000), King ($799,000), and Snohomish ($748,752), and the three counties with the lowest median sale prices were Ferry ($239,000), Okanogan ($318,000), and Grays Harbor ($329,000).

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

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