More Homes More Options, Steady Prices

🏡 July 2025 NWMLS Market Snapshot – More Homes, More Options, Steady Prices

If you’ve been waiting for more choices in the housing market, July brought them in a big way.

📈 Inventory on the Rise
The number of homes for sale jumped 37.42% year-over-year — from 15,122 in July 2024 to 20,781 active listings in July 2025. Even compared to last month, inventory grew by 944 homes (+4.76%). Nearly every county saw double-digit growth, with Ferry, Snohomish, Clallam, Columbia, Thurston, and Grant leading the way.

🆕 New Listings Coming In Strong
Brokers added 10,418 new listings in July — up 12.25% from last year, although down slightly from June. The biggest surges in new listings came from Clallam, Ferry, Island, Jefferson, Thurston, and Lewis counties.

✅ More Sales Closing
Closed sales ticked up 3.81% year-over-year, with 6,867 homes closing in July. Nineteen counties saw more sales than last year, and San Juan, Adams, Pacific, Ferry, Clallam, and Grant posted the largest gains.

💲 Prices Hold Steady
The median sales price stayed at $650,000 — exactly the same as last July, though down a bit from June’s $670,000. The priciest median sales were in San Juan ($906,250), King ($875,000), and Snohomish ($765,000) counties, while Columbia, Ferry, and Adams were the most affordable.

📊 Buyer Activity & Opportunity

• Keybox access (a sign of showings) was up 8% year-over-year.

• Showings scheduled rose 7.6% year-over-year.

• 71.7% of all listings were eligible for down payment assistance — that’s 21,687 homes, up nearly 24% from last year.

🔍 What This Means for You
Buyers: You’ve got more homes to choose from than we’ve seen in a while, with steady prices and a large portion eligible for down payment help.
Sellers: Strong buyer activity and stable pricing mean it’s still a great time to list — especially with inventory up but competition for buyers still healthy.

The Federal Reserve held interest rates steady in July, so don’t expect big changes in mortgage rates right away — but with more inventory and motivated buyers, now’s the time to make your move.