Monthly Market

 

March 2025 Update


Welcome Spring!

We love Spring as it is the natural rebirth of the earth. Plants begin to bloom, birds are chirping, and Real Estate is in full swing!

As we look back at our February numbers, they are an indicator that we are starting Spring with some much-improved inventory. The NWMLS reports 10,448 active listings compared to 7,495 in February 2024. These new listings supply Buyers with 2.5 months’ worth of inventory, up 36.8% from February last year.

The new inventory relieves some pressure for some Buyers, but affordability remains a concern for many. The NWMLS reports an increase in the median closed price, up from 608,111 in February 2024, to $630,000 in February 2025.

Spring is an exciting time of year; leaves are emerging on the trees, and the pursuit of a new home begins for many. If you are considering making a move, we are ready to help!