April 2025 Market Update: Inventory Builds While Buyers Take Their Time


Insights for King, Pierce, and Snohomish Counties from Katrina Eileen Real Estate
 Source: Northwest MLS – Residential and Condominium Market Data

As the Pacific Northwest leans into spring, the real estate landscape across King, Pierce, and Snohomish Counties is shifting toward a more balanced market—offering opportunity for both buyers and sellers.

According to the Northwest MLS April 2025 Market Snapshot, the number of active listings surged across nearly every county in the region, while median prices remained relatively flat and sales activity showed only modest gains. For those contemplating buying or selling this year, the market is sending a clear message: inventory is here, and negotiations are back on the table.

🔍 Regional Market Recap

Inventory growth was the standout story in April. Statewide, active listings jumped 47.4% year-over-year, reaching 14,459 homes on the market by the end of the month. Compared to March 2025 alone, inventory grew by 24.2%.

At the same time, mortgage rates held steady at 6.76%, giving buyers a consistent financial landscape to operate within. The median sales price statewide remained nearly unchanged, nudging from $649,999 in March to $650,000 in April.

“Price growth has slowed because sellers are outpacing buyers,” said Steven Bourassa of the Washington Center for Real Estate Research. “Uncertainty around inflation and economic conditions, plus increased willingness on both sides to make concessions, is impacting final sale prices.”


📍 County-Specific Highlights from Katrina Eileen Real Estate Service Areas

King County

  • Active Listings: 4,742 — up 71.3% YoY

  • Pending Sales: 2,524 — down 9.1% YoY

  • Closed Sales: 2,127 — down 2.6% YoY

  • Median Price: $907,000 — up 3.7% YoY

  • Months of Inventory: 2.23

📌 King County leads the region in median price, but buyer activity cooled in April. A significant increase in listings offers more choices for buyers, though many remain cautious.

Pierce County

  • Active Listings: 1,755 — up 31.6% YoY

  • Pending Sales: 1,133 — down 9.4% YoY

  • Closed Sales: 906 — up 0.9% YoY

  • Median Price: $555,000 — up 0.5% YoY

  • Months of Inventory: 1.93




📌 Pierce County saw a slight uptick in closed transactions, suggesting buyers here are adjusting to market conditions. Inventory growth may provide some relief from last year’s tight market.

Snohomish County

  • Active Listings: 1,325 — up 84.8% YoY

  • Pending Sales: 1,027 — down 6.0% YoY

  • Closed Sales: 840 — down 2.4% YoY

  • Median Price: $755,500 — up 2.4% YoY

  • Months of Inventory: 1.58

📌 Snohomish saw the largest inventory spike among the three counties. While prices ticked up slightly, the slower pace of sales suggests that buyers may be waiting to see if more flexibility enters the market.

🏡 What Does This Mean for You?

If you're a buyer, more listings mean less competition and more room to negotiate. With prices holding relatively steady and interest rates unchanged, it may be the right time to make your move.

If you're a seller, strong year-over-year gains in listing inventory mean your home needs to stand out. Pricing strategically and showcasing your property's strengths is more important than ever.

As always, Katrina Eileen Real Estate is here to help you navigate a changing market with expertise, creativity, and commitment. Whether you’re looking to buy, sell, or invest—we’re ready to support your next move with confidence.







Data sourced from NWMLS, April 2025. Figures reflect residential and condominium properties.
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Fawn Morgan