SEATTLE REAL ESTATE MARKET - JUNE 2025

https://youtu.be/nd73CqoBqK8?si=EuR2_aNPzcILEn1J

In June 2025, Seattle's real estate market saw a continuation of rising inventory, with active listings increasing significantly year-over-year, leading to a more balanced market compared to previous years. While overall sales activity cooled from the peak of spring, homes still sold at a healthy pace, particularly well-presented and correctly priced properties. Median prices remained stable, demonstrating resilient demand despite slower buyer activity and economic uncertainty, though some areas experienced slight year-over-year price decreases.

Key Market Indicators

Inventory: Continued its upward trend, with year-over-year increases reported in King and Snohomish counties.

Median Sale Price: Showed stability, with some sources indicating it remained flat or slightly increased year-over-year, while others noted slight dips in specific areas like King County.

Sales Activity: Sales in June outpaced the previous year, but pending sales, a measure of buyer urgency, dipped slightly from May.

Days on Market: The average time for a home to go under contract increased slightly, indicating less frantic buying than in the past.

What This Meant for Buyers

More Options: Buyers had more choices due to the increased inventory, though the market was still considered low inventory and not yet a buyer's market.

Leverage: Buyers had more leverage for negotiation compared to previous years, but the best homes still moved quickly. 

Patience: While buyers could "sleep on it" for some properties, being pre-approved and ready to act on desirable homes remained crucial. 

What This Meant for Sellers

Focus on Presentation: Sellers needed to focus on pre-listing preparation to attract serious offers. 

Strategic Pricing: Overpricing was not an effective strategy, as buyers were more price-sensitive and less willing to chase inflated listings. 

Market Adaptability: Sellers needed to price their homes correctly from the start to see strong offers, as homes needing updates or priced too high were lingering on the market.