Seattle Real Estate Market Update: What March 2025 Numbers Tell Us

The Seattle real estate market continues to evolve, and the latest data from March 2025 provides valuable insights for both buyers and sellers. Let's dive into the key figures to understand the current landscape.

More Choices for Buyers

One of the most significant shifts we're seeing is an increase in the months supply of inventory, which has jumped from 1.5 months in February 2024 to 2.2 months in February 2025 – a substantial 46.7% increase. This indicates a greater availability of homes on the market, offering buyers more options to choose from.

This trend is further supported by a surge in active listings. Compared to February 2024, which saw 1,009 active listings, February 2025 recorded 1,412 properties on the market, representing a significant 39.9% increase.

Slightly Longer Time on the Market

Homes are taking a bit longer to sell compared to last year. The average days on market have increased from 35 days in February 2024 to 37 days in February 2025, a modest 5.7% rise. This could be attributed to the increased inventory giving buyers more time to make decisions.

Stable Sales Activity

Despite the increase in inventory, the number of closed transactions remains relatively stable. February 2025 saw 590 closed transactions, a slight 0.9% increase compared to the 585 transactions in February 2024. This suggests a steady level of buyer activity in the market.

Modest Price Appreciation

The median sales price for residential properties and condos in Seattle has seen a slight uptick. It rose from $845,000 in February 2024 to $846,500 in February 2025, representing a marginal 0.2% increase. This indicates a relatively stable pricing environment.

Sellers Still Seeing Strong Offers

Interestingly, the list price vs. sell price percentage has also increased. In February 2025, homes sold for 102.29% of their list price, up from 100.78% in February 2024. This 1.5% increase suggests that while buyers have more options, well-priced properties are still attracting competitive offers.

New Listings Trend

Looking at the trend of new listings, the bar chart shows fluctuations throughout the year. While specific numbers for March 2025 aren't available in this summary, the chart indicates the typical seasonal patterns in new listings coming onto the market.

What Does This Mean for You?

For buyers, the increased inventory provides more negotiating power and a wider selection of homes. Take your time to explore your options and find the right fit.

For sellers, while the market is still active, it's crucial to price your property strategically and ensure it's presented in its best light to attract buyers in a more competitive environment.

In Conclusion

The Seattle real estate market in March 2025 shows a trend towards increased inventory, slightly longer days on market, stable sales activity, and modest price appreciation. It's a market offering more choices for buyers while still presenting opportunities for sellers who are well-prepared.