By the Numbers – March Market Snapshot

The Seattle/King County housing market entered what we’re calling the “Spring Surge Phase.” Homes are selling fast, competition is heating up, and well-priced properties—especially under $1.25M—are drawing multiple offers.

Here’s what stood out in March 2025:

• Homes are moving fast:
  Average days on market dropped to 29 days, down from 38 in February. A striking 76% of homes sold within 30 days.

• Over asking is the new norm:
  The list-to-sale price ratio hit 101.9%, meaning competitive, well-priced homes are routinely closing above asking.

• Tight inventory, especially under $1.25M:
  Even with 1,414 new listings, inventory remains lean at 1.6 months’ supply, creating urgency for buyers.

• Prices are climbing steadily:

  • Seattle’s median sale price hit $885K, up 5.9% year-over-year.

  • Price per square foot rose to $597, a 4.7% increase.

  • Single-family homes:

    • King County: $977,500 (up 3.4%)

    • Snohomish County: $790,000 (up 4%)

• Inventory is growing—but not fast enough:

  • Active listings rose 43.7% year-over-year to 11,640.

  • Residential inventory is up 66% from last year, giving buyers more choice—but demand still outpaces supply.

• Pending and closed sales dipped slightly:
  Compared to March 2024:

  • Pending sales fell 10%

  • Closed sales dropped 3%
    A subtle sign that some buyers remain cautious.

What You Can Do Right Now

1. If you own a home – you’re in a strong position. Your property is likely gaining value while your stocks might be stuck in the red. Now is the time to evaluate how your real estate holdings can play a bigger role in your long-term strategy.

2. If you’re thinking of buying – this dip in rates could be your window. More inventory means more choice, but rising prices mean waiting might cost you more in the long run.

3. If you’re considering selling – demand may be muted, but serious buyers are still out there. Timing, strategy, and smart marketing will be everything.

This is a market where speed, strategy, and sophistication matter. Whether you’re buying, selling, or evaluating your real estate portfolio, understanding these numbers gives you a real edge.

If you’re wondering how this shift impacts your personal portfolio—or want a clearer strategy moving forward—let’s talk.

Real estate is more than shelter. It’s security. It’s leverage. It’s legacy.
And right now, it’s one of the few places where the numbers are still moving in your favor.