It was a Buyer's Market
Property Sales (Sold)
July property sales were 4, down 20% from 5 in July of 2024 and 20% lower than the 5 sales last month.

Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 11 units of 61.1%. 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 the same as the previous month.

Property Under Contract (Pended)
There was an increase of 33.3% in the pended properties in July, with 8 properties versus 6 last month. This month's pended property sales were 166.7% higher than at this time last year.

All reports are published August 2025, based on data available at the end of July 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 Neutral 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 July 2025 was 22, up 340% from 5 days last month and up 175% from 8 days in July of last year.

The Sold/Original List Price Ratio was Falling**
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 89% was down 11.9% % from last month and down from 7.3% % in July of last year.

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

All reports are published August 2025, based on data available at the end of July 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 July was $8,622,000, down 11.7% from $9,765,000 in July of 2024 and down 2.2% from $8,817,000 last month.

The Average Sold Price was Appreciating*
The Average Sold Price in July was $6,953,000, up 1.7% from $6,839,000 in July of 2024 and up 30.1% from $5,343,000 last month.

The Median Sold Price was Appreciating*
The Median Sold Price in July was $6,775,000, up 43.4% from $4,725,000 in July of 2024 and up 42.6% from $4,750,000 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 July 2025 Months of Inventory based on Closed Sales of 7.3 was increased by 102.8% compared to last year and up 25.9% compared to last month. July 2025 was Buyer's market.

Months of Inventory based on Pended Sales
The July 2025 Months of Inventory based on Pended Sales of 3.6 was decreased by 40% compared to last year and down 24.8% compared to last month. July 2025 was Neutral 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 July 2025 Absorption Rate based on Closed Sales of 13.8 was decreased by 50.4% compared to last year and down 19.7% compared to last month.

Absorption Rate based on Pended Sales
The July 2025 Absorption Rate based on Pended Sales of 27.6 was increased by 65.4% compared to last year and up 33.3% compared to last month.