April 2025 Market Snapshot – What’s Happening in the Greater Seattle Housing Market?
As we head deeper into spring, the real estate market is showing signs of growth—especially when it comes to inventory. According to the latest data from Northwest MLS, more homes are hitting the market, but buyers are taking their time.
Inventory is UP
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Active listings jumped nearly 47.4% compared to this time last year.
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King, Snohomish, and Whatcom counties saw some of the biggest gains in available homes—great news for buyers looking for more choices.
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Month-over-month, inventory rose by 24.2%, showing that sellers are feeling ready.
Prices Are Holding Steady
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Median home price across the NWMLS area in April: $650,000 — virtually unchanged from March and down just 0.2% from April 2024.
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King County still leads with a median price of $907,000, followed by Snohomish at $755,500.
Home Sales Inch Up
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Closed sales ticked up slightly — up 0.7% year-over-year, and up nearly 9% from March.
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The total dollar value of homes sold in April reached over $4.9 billion, up 1.2% from last year.
💡 Market Insight
Buyers are being more selective, and sellers are adjusting expectations. With mortgage rates holding steady at 6.76%, we’re seeing a more balanced market, leaning slightly in favor of buyers.
Buyer Activity Snapshot
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Keybox openings (aka showing activity) rose 27.7% from March — a sign that buyers are out browsing.
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However, scheduled showings dipped slightly from both March and last April.
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Listings eligible for down payment assistance programs are up 22.3% year-over-year — making homeownership more accessible.
What This Means for You
Whether you’re thinking about listing your home or hoping to buy this year, now is a great time to make a move while competition is still moderate and more inventory is hitting the market. Curious about your home’s value or your buying power? Let’s connect.
