SW Washington Market Update: October

SW Washington Real Estate Market Update: October 2025

The SW Washington real estate market saw some interesting shifts in October, making it a key time for both buyers and sellers to pay attention. Here’s a snapshot of what happened and what it could mean for you.

New Listings
In October, 655 new homes hit the market, a slight decrease of 3.7% compared to October 2024. Compared to last month, listings edged up 1.1% from 648 in September 2025. For buyers, this means slightly fewer options than last year, but a small increase from last month shows the market is still active. Sellers may want to highlight their properties strategically, as the competition is steady but not overwhelming.

Pending Sales
Pending sales dropped to 527, down 9.0% from October 2024 and 12.2% from September 2025. This signals a cooling in buyer activity, which could give buyers more negotiating power. Sellers may need to price their homes competitively and emphasize key features to attract serious buyers quickly.

Closed Sales
October closed sales reached 530, a 3.8% decrease from last year and down 2.2% from September. While fewer homes closed than in previous periods, the market is still moving steadily, keeping opportunities open for both buyers looking to lock in a purchase and sellers seeking motivated offers.

Inventory and Time on Market
Inventory held steady at 3.6 months, keeping the market in balanced territory. Homes spent an average of 68 days on the market, slightly longer than in previous months. Buyers can take the time to make thoughtful decisions, while sellers should ensure their homes stand out with professional photos and strong staging.

Year-to-Date Trends
Looking at the first ten months of 2025 compared to 2024, new listings are up 1.9% with 7,673 homes hitting the market. Pending sales are down slightly by 1.9% to 5,490, and closed sales increased 1.5% to 5,372.

Average and Median Sale Prices
Price growth continues steadily. The average sale price rose 1.7% from $613,800 to $624,200, while the median sale price increased 1.8% from $540,000 to $549,900. These trends indicate a resilient market, showing that SW Washington real estate remains a strong investment.

Takeaways for Buyers

• Fewer pending sales and slightly longer market times may give buyers leverage in negotiations.

• Inventory remains balanced, so buyers still have a variety of options without facing extreme competition.

• Staying informed about pricing trends is key to making a smart purchase.

Takeaways for Sellers

• Pricing strategically is crucial in a market where pending sales are slowing.

• Professional marketing and staging can help your home stand out with average days on market increasing.

• Despite slight decreases in monthly closings, year-to-date trends show steady growth, making it a good time to sell.

Final Thoughts
The SW Washington market is steady with pockets of opportunity for both buyers and sellers. Whether you’re planning to buy your first home, upgrade, or sell, understanding these trends helps you make informed decisions.

Ready to make your next move? Connect with a local real estate expert today to navigate the SW Washington market with confidence.