June brought a noticeable slowdown in new listings across the region, but housing supply remains elevated—especially in Seattle and King County, where inventory levels are among the highest we’ve seen in years. Median prices moved in opposite directions depending on location, and interest rates dipped slightly. While conditions are shifting, the market hasn’t flipped. Below are the latest numbers for Seattle and King, Snohomish and Pierce counties, or jump to the analysis for a deeper look.
INTEREST RATE
In June, the average mortgage rate for a 30-year fixed rate loan was 6.86%.
(Source: Mortgage News Daily)
Jump to: Seattle | King County | Snohomish County | Pierce County | Analysis
Seattle
NEW LISTINGS
New listing activity dropped in Seattle from May to June. There were 1,601 new listings, a 20% decrease from the previous month.
INVENTORY
Despite the decrease in new listings, for a second month there were 4 months of housing supply in Seattle.
MEDIAN SOLD PRICE
The median sales price in Seattle was $915,000 in June. This represents a 15.5% increase since the beginning of the year.
MINIMUM SOLD:
SINGLE-FAMILY
In Rainier Beach, a 2,200-square-foot, 3-bedroom, 1.75-bath home sold for $450,000. The original asking price was $499,000. This was the only single-family home in Seattle that sold for under $500,000 in June.
MINIMUM SOLD:
CONDO
A 1-bedroom, 1-bath, 535-square-foot condo in First Hill sold for $249,000, which was $10,000 under asking. There were 15 condos in Seattle that sold in the $200s.
King County
NEW LISTINGS
Dropping 19.3% from the previous month, there were 4,170 new listings in King County in June.
INVENTORY
Housing supply in King County increased only slightly from the previous month. There were 3.7 months of inventory in June (compared to 3.5 months in May).
MEDIAN SOLD PRICE
The median sales price in King County increased month over month. In June, the median price was $910,000, a 5.8% increase since May.
MINIMUM SOLD:
SINGLE-FAMILY
A fixer in Tukwila with 2 bedrooms and 1 bath sold for $340,000, which was $10,000 under asking.
MINIMUM SOLD:
CONDO
In SeaTac, an updated, ground-floor condo unit sold for $171,000. The unit was 535 square feet with 1 bedroom and 1 bath.
Snohomish County
NEW LISTINGS
There were 1,469 new listings in Snohomish County in June, a decrease of 16.8% since the previous month.
INVENTORY
Although housing inventory in Snohomish County is creeping up, it’s still the lowest when compared to the other locations in this report. In June, there were 2.8 months of housing supply.
MEDIAN SOLD PRICE
The median price of homes sold in Snohomish County in June was $750,000, a 3.8% decrease month over month.
MINIMUM SOLD:
SINGLE-FAMILY
A 3-bedroom, 2.5-bath home in Sultan sold for $365,000—$40,000 over asking. Although this home appeared to be a fixer, the property featured an almost .25-acre lot.
MINIMUM SOLD:
CONDO
An Everett condo with 1 bedroom and 1 bath (789 square feet) sold for $10,000 under asking, coming in at $239,000.
Pierce County
NEW LISTINGS
Keeping trend Seattle and King and Snohomish counties, new listing activity in Pierce County decreased in June. There were 1,735 new listings, an 11.1% decrease month over month.
INVENTORY
Housing supply continued to increase in Pierce County, with 3.4 months of inventory in June.
MEDIAN SOLD PRICE
Homes in Pierce County sold for the media price of $555,000 in June. This is a 2.6% decrease since May.
MINIMUM SOLD:
SINGLE-FAMILY
In Tacoma, a 3-bedroom, 1-bath home with 1,468 square feet sold for $295,000. The original asking price was $385,000. This was the only financeable home in Pierce County that sold for under $300,000.
MINIMUM SOLD:
CONDO
A 1-bedroom, 1-bath, 832-square-foot unit at the Oakbrook Country Club sold for $205,000. The original asking price was $195,000. There were only five other units that sold in the $200s in June.
Analysis
Where the market stands
New listings declined across the board in June, but inventory levels stayed steady or even edged up slightly in some areas, thanks to slower absorption. Seattle and King County now have more available homes than we’ve seen in several years, but inventory still falls short of what’s needed for a fully balanced market. Median prices rose in Seattle and King County but declined in Snohomish and Pierce, underscoring the importance of local context. It’s still a seller’s market, just not as sharply tilted as it once was.
What sellers need to know
With more homes on the market, buyers have more options, and that means sellers need to be thoughtful about pricing and presentation. We’re still in a seller’s market, but it’s less one-sided than in recent years. Homes that are move-in ready and strategically priced are attracting strong interest, while others may sit longer or require price adjustments. Sellers who focus on preparation, accurate pricing, and strong marketing are more likely to stand out in today’s market.
What buyers need to know
More inventory doesn’t mean the market is suddenly buyer-friendly, but it does mean more options and less urgency in many cases. Homes that are sitting longer or coming back on market may offer opportunities to negotiate. Interest rates dipped slightly in June but remain high enough to keep buyers price-conscious. Those who are financially prepared and strategic in their search will be better positioned to compete—especially for homes that check all the boxes and attract multiple offers.
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