June 2025 Market Update: Inventory Growth and Market Shifts in King, Pierce, and Snohomish Counties

The Northwest Multiple Listing Service (NWMLS) has released its June 2025 Market Snapshot, providing valuable insights for buyers and sellers in our region. Here’s what you need to know this month:

Mortgage Rates Remain High, But Inventory is Rising

With inflation and unemployment concerns top of mind, the Federal Reserve chose to hold federal funds rates steady. As a result, mortgage rates remain elevated, averaging 6.77%, which continues to impact affordability for many buyers. Experts caution that rates are unlikely to decrease significantly in the near future.

However, there’s good news: inventory is on the rise across the board. For the first time since September 2022, all counties in the NWMLS saw double-digit increases in active listings, giving buyers more choices and signaling a potential market rebalancing.

“As prices moderate, opportunities open up for buyers who have been priced out, which may help stabilize the market,” says Selma Hepp of Cotality.

King County

  • Active Listings: 6,334 homes, up 46.69% from June 2024

  • Pending Sales: 2,668, up 2.77% year-over-year

  • Closed Sales: 2,332, up 4.67%

  • Median Sales Price: $913,563, up 4.41%

  • Months of Inventory: 2.72 months

King County continues to hold the highest median price in the region. The nearly 47% increase in inventory is opening opportunities for buyers despite high rates.

Pierce County

  • Active Listings: 2,526, up 27.83%

  • Pending Sales: 1,246, up 8.82%

  • Closed Sales: 955, down 3.14%

  • Median Sales Price: $579,000, up 5.27%

  • Months of Inventory: 2.65 months

Inventory growth in Pierce County is significant, with active listings nearly 28% higher than last year. While closed sales dipped slightly, pending sales indicate strong buyer activity.

Snohomish County

  • Active Listings: 2,038, up 50.96%

  • Pending Sales: 1,000, down 5.66%

  • Closed Sales: 963, down 2.33%

  • Median Sales Price: $775,000, down 1.84%

  • Months of Inventory: 2.12 months

Snohomish County saw one of the largest inventory jumps in the state, with a 51% increase in active listings. Median prices have softened slightly, creating potential opportunities for buyers who were previously priced out.

What Does This Mean for You?

✅ Buyers: Expanded inventory in all three counties means more options and potential negotiating power, even with high rates.

✅ Sellers: Prices remain strong in King and Pierce Counties, while Snohomish is seeing slight adjustments. Competitive pricing and preparation remain key for a successful sale.

At Katrina Eileen Real Estate, we’re here to help you navigate these shifts strategically—whether you’re looking to buy your first home, upgrade, downsize, or invest.

Ready to Make a Move This Summer?

Contact our team today for personalized market insights and guidance to achieve your real estate goals with confidence.

Fawn Morgan