June 2025 Market Recap – Signs of Balance Returning
Despite ongoing inflation and unemployment concerns, the Federal Reserve held interest rates steady—meaning no big changes for mortgage rates just yet. Rates are still hovering around 6.77%, which continues to be a hurdle for many buyers.
But there’s good news: inventory is up, and home prices are stabilizing. In fact, June marked the first time since 2022 that all 27 counties in the NWMLS saw double-digit increases in homes for sale. More options = more opportunities for buyers!
“We’re seeing a re-balancing in the market,” said housing experts. That means as prices level out and more homes become available, buyers who were priced out may now have a better shot.
📊 Quick Stats for June 2025
🏘️ More Homes for Sale
19,837 active listings in June — up nearly 39% from last year
Inventory rose in all 27 NWMLS counties
Big increases in Snohomish (+51%) and King (+47%)
Home Prices Holding Steady
Median sale price: $670,000
That’s up just 3% year-over-year
Monthly increase from May: 1.5%
Sales Activity
Closed sales saw a slight bump, up 1% from last year
13 counties reported more closed sales YoY
Homes are selling in under 3 months in most areas—still a competitive market
🏡 Showings & Buyer Interest
Slight dip in showings from May, but still up compared to last year
More homes are now eligible for down payment assistance programs (+24.5% YoY)
🧐 What It Means for You
Buyers: With more inventory and slower price growth, this could be your moment to jump in before rates climb again.
Sellers: More competition is on the market, so strategic pricing and presentation are key.
