July 2025 Housing Market Update – King, Pierce & Snohomish Counties

The latest Northwest Multiple Listing Service (NWMLS) data for July 2025 offers valuable insight into what’s happening right now in King, Pierce, and Snohomish Counties. Whether you’re buying, selling, or just keeping an eye on the market, here’s what you need to know.

Mortgage Rates Hold Steady

The 30-year fixed mortgage rate closed July at 6.72%, virtually unchanged from the past year. With rates holding firm, sales activity remains steady, while available homes continue to increase.

Active Listings Surge

Inventory is growing significantly — a 37.42% increase in active listings across the NWMLS compared to July 2024.

  • Snohomish County: +53.56% year-over-year — one of the highest increases in the state.

  • King County and Pierce County also saw strong gains, giving buyers more options and bargaining power than in recent years.

New Listings

Brokers added 10,418 new listings in July, up 12.25% from last year. While that’s slightly down from June, the flow of fresh listings means buyers have a steady stream of options.

What this means:

  • For buyers – More homes to choose from, less urgency to rush offers.

  • For sellers – Pricing and presentation are more important than ever.

Closed Sales

Closed sales increased 3.81% year-over-year — proof that buyers are still moving forward despite higher mortgage rates.

King, Pierce, and Snohomish Counties all showed steady sales activity, reflecting solid underlying demand in the region.

Median Sales Price

The NWMLS median sales price in July was $650,000, unchanged from July 2024. Local prices:

  • King County – $875,000

  • Snohomish County – $765,000

  • Pierce County – $575,000

Even with more inventory, desirable homes are holding value.

Buyer Activity & Showings

  • Showings scheduled through NWMLS software increased 7.6% year-over-year.

  • Keybox access — a measure of in-person showings — rose 8% compared to July 2024.

Translation: Buyers are actively looking and touring homes.

What This Means for You

  • Buyers: More inventory means more choices and stronger negotiating positions.

  • Sellers: With more competition, you need a strategic pricing plan, standout marketing, and skilled negotiation to secure top dollar.

📞 Ready to make your next move?
Whether you’re buying, selling, or exploring your options in King, Pierce, or Snohomish County, the team at Katrina Eileen Real Estate is here to guide you.

📱 Call us today at 425-931-3275 to get started.

Fawn Morgan