What's Happening in the Market

JULY 2025

Housing inventory across the Puget Sound climbed again in June, marking another month of double-digit year-over-year growth in active listings. While more homes on the market offer buyers greater selection, the uptick in demand hasn’t yet caught up to the surge in supply. In all four of our local markets, conditions continue to shift in buyers’ favor. Compared to May, signs of buyer movement improved slightly – but overall, many remain hesitant, especially as interest rates hover near 7%.

Across the region, inventory continues to build as buyers weigh their options amid affordability concerns and high mortgage rates. Whether these dynamics persist – or give way to renewed buyer confidence – remains to be seen. In a shifting real estate environment like this, having an experienced Windermere advisor by your side can make all the difference.

This report is based on Residential and Condominium sales activities on the Eastside.