JULY 2025 MARKET UPDATE

Office Sales https://youtu.be/qEdanyR5DQ0

In July 2025, the Greater Seattle real estate market was shifting toward a more balanced environment, with more inventory and longer days on market, though well-priced homes still sold quickly. The median sales price for Eastside homes saw a year-over-year dip, while Seattle's median prices generally held steady or saw slight increases. Mortgage rates remained stable, contributing to a slow but steady increase in transactions compared to 2024. Buyers had more options and a bit more time, while sellers were advised to price and prepare their homes strategically to attract strong offers.

Market Conditions 

• Increased Inventory: The market saw more homes for sale compared to the previous year, leading to more choices for buyers and a more balanced dynamic between buyers and sellers. 

• Slower Pace: While not a stagnant market, the quick "caffeinated" pace of previous periods had moderated, giving buyers more time to evaluate properties.

• Balanced Market Indicators: The market was described as moving towards a balance, with some areas showing more significant increases in inventory and fewer price reductions compared to the frenzied market conditions of previous years. 

Pricing Trends 

• Eastside: The median sold price on the Eastside dipped slightly compared to the prior year, with some submarkets seeing price drops. 

• Seattle: The median home price in Seattle showed slight year-over-year increases in some analyses.  

• Price Sensitive Buyers: Despite the price shifts, buyers were still price-sensitive, and properties that were well-priced and positioned strategically continued to attract competitive offers.

What This Meant for Buyers and Sellers 

• For Buyers: More inventory and a bit more time to consider options provided more leverage. However, to secure their desired homes, buyers still needed to be pre-approved and ready to act on well-priced listings.

• For Sellers: Strategic pricing and thorough property preparation (including staging) were crucial to attract buyers in a market where timing and presentation significantly impacted a home's success.