Housing Market Heats Up as Washington Median Price Reaches $670K

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Housing Market Heats Up as Washington Median Price Reaches $670K

RIDGECREST, WA — Washington’s housing market may be entering a new era of balance. According to fresh June data from the Northwest Multiple Listing Service (NWMLS), active real estate listings surged across all 27 counties tracked — marking the largest year-over-year increase since 2022.

The total number of active listings jumped to 19,837, representing a 38.8% increase from June 2024 and an 8.3% gain from May 2025.

“This increase in the availability of homes for sale and the softening of home prices indicates the region is experiencing a re-balancing of housing market trends,” said Selma Hepp, an economist with Cotality.

Prices Inch Up, But Opportunities Expand

The median home price across Washington rose slightly to $670,000, a 1.5% increase from May and up 3.1% from last year. Price points varied widely:

  • San Juan County: $1,035,000
  • King County: $913,563
  • Snohomish County: $775,000
  • Columbia, Adams, and Ferry Counties posted the lowest median prices in the state.

Despite mortgage rates hovering around 6.77%, buyers remain active. Closed sales rose 1% year-over-year to 6,694 homes sold in June, and 3.5% higher than May 2025.

Where Sales Are Heating Up

Some rural counties saw significant growth in sales:

  • Adams County: +55.6%
  • Columbia County: +33.3%
  • Lewis County: +29.7%

Meanwhile, Kitsap, Snohomish, Thurston, Pierce, King, and Skagit counties continue to record tight inventory, signaling persistent competition in those areas.

“As prices moderate, opportunities open up for buyers who have been priced out, which may help stabilize the home market,” said Hepp.

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Outlook: Mortgage Rates Remain a Challenge

Experts warn that interest rates are likely to stay high as inflation concerns and federal debt pressure continue.

“The continued anticipation of inflation and concerns about increasing government debt suggests that mortgage interest rates are not likely to go down any time soon,” said Steven Bourassa, director of the Washington Center for Real Estate Research.

What’s Your Take on the Market Shift?

With rising inventory and cooling prices, is now the right time to buy or sell in Washington?  Join the conversation and get local updates at Ridgecrestpact.org — your trusted source for Washington real estate and housing news.

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Doris Oliver

Doris Oliver is a proud Ridgecrest native with a deep passion for bringing local stories to light. With over 2 years of experience in community reporting, Doris has built a trusted voice in the Community. Her work focuses on covering the issues that matter most to Ridgecrest residents — from public safety and education to local government and community events. Driven by a belief that informed citizens make stronger communities, Doris is committed to delivering accurate, timely, and impactful news. Through ridgecrestpact.org, she aims to bridge the gap between people and the stories shaping their everyday lives — making local news accessible, engaging, and meaningful.

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