It was a Buyer's Market
Property Sales (Sold)
September property sales were 3, down 50% from 6 in September of 2024 and 62.5% lower than the 8 sales last month.

Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 7 units of 33.3%. 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 3.7% compared to the previous month.

Property Under Contract (Pended)
There was an increase of 33.3% in the pended properties in September, with 4 properties versus 3 last month. This month's pended property sales were 33.3% higher than at this time last year.

All reports are published October 2025, based on data available at the end of September 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 Upward 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 September 2025 was 60, up 328.6% from 14 days last month and up 122.2% from 27 days in September of last year.

The Sold/Original List Price Ratio Remains Steady**
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 94% was down 5.1% % from last month and down from 6% % in September of last year.

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

All reports are published October 2025, based on data available at the end of September 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 Appreciating*
The Average For Sale Price in September was $11,285,000, up 24.3% from $9,080,000 in September of 2024 and up 13.2% from $9,965,000 last month.

The Average Sold Price was Appreciating*
The Average Sold Price in September was $7,861,000, up 88.6% from $4,169,000 in September of 2024 and up 66.1% from $4,734,000 last month.

The Median Sold Price was Appreciating*
The Median Sold Price in September was $7,700,000, up 126.5% from $3,400,000 in September of 2024 and up 112.4% from $3,626,000 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 September 2025 Months of Inventory based on Closed Sales of 9.3 was increased by 165.7% compared to last year and up 174.8% compared to last month. September 2025 was Buyer's market.

Months of Inventory based on Pended Sales
The September 2025 Months of Inventory based on Pended Sales of 7 was the same compared to last year and down 22.2% compared to last month. September 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 September 2025 Absorption Rate based on Closed Sales of 10.7 was decreased by 62.6% compared to last year and down 63.8% compared to last month.

Absorption Rate based on Pended Sales
The September 2025 Absorption Rate based on Pended Sales of 14.3 was the same compared to last year and up 28.8% compared to last month.