It was a Buyer's Market
Property Sales (Sold)
May property sales were 1, down 87.5% from 8 in May of 2024 and 50% lower than the 2 sales last month.

Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 9 units of 52.9%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 23.8% compared to the previous month.

Property Under Contract (Pended)
The total number of homes pended in month was 3. This month's pended property sales were 40% lower than at this time last year.

All reports are published June 2025, based on data available at the end of May 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

The Days on Market Showed Downward Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for May 2025 was 0.

The Sold/Original List Price Ratio was Rising**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 100% was the same as last month and down from 1% % in May of last year.

* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady 

All reports are published June 2025, based on data available at the end of May 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

The Average For Sale Price was Depreciating*
The Average For Sale Price in May was $9,379,000, down 7.9% from $10,178,000 in May of 2024 and down 0.6% from $9,432,000 last month.

The Average Sold Price was Depreciating*
The Average Sold Price in May was $3,800,000, down 6.9% from $4,083,000 in May of 2024 and down 36.6% from $5,995,000 last month.

The Median Sold Price was Neutral*
The Median Sold Price in May was $3,800,000, up 0.9% from $3,765,000 in May of 2024 and down 36.6% from $5,995,000 last month.

* Based on 6 month trend – Appreciating/Depreciating/Neutral

It was a Buyer's Market*

A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.

*Buyer’s market: more than 6 months of inventory
 Seller’s market: less than 3 months of inventory
 Neutral market: 3 – 6 months of inventory

Months of Inventory based on Closed Sales
The May 2025 Months of Inventory based on Closed Sales of 26 was increased by 1,124.7% compared to last year and up 147.6% compared to last month. May 2025 was Buyer's market.

Months of Inventory based on Pended Sales
The May 2025 Months of Inventory based on Pended Sales of 8.7 was increased by 155.9% compared to last year and down 58.6% compared to last month. May 2025 was Buyer's market.

It was a Buyer's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.

*Buyer’s market: 16.67% and below
 Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%

Absorption Rate based on Closed Sales
The May 2025 Absorption Rate based on Closed Sales of 3.8 was decreased by 92% compared to last year and down 59.8% compared to last month.

Absorption Rate based on Pended Sales
The May 2025 Absorption Rate based on Pended Sales of 11.5 was decreased by 60.9% compared to last year and the same compared to last month.