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eattle's housing market has seen a significant increase in inventory, with over 10,700 homes available on the market as of last month. This is the highest volume since 2015 and represents a 50% increase from June 2024. Despite this surge in supply, median home sale prices have reached new highs, with King County seeing a median price of $1,034,000 in June 2025.

    According to REMAX data, Seattle ranks third in the US for median sales prices at $766,725, behind only Urban Honolulu and San Francisco. However, local real estate experts say this increased inventory offers opportunities for buyers who can take advantage of negotiating leverage to secure concessions from sellers.

    Prospective homebuyers may also benefit from lower interest rates within a year or two, allowing them to refinance their mortgages. In the meantime, experts recommend considering what you can afford at today's mortgage rates and focusing on finding a property that meets your needs rather than rushing into a purchase.

    As homes sit on the market for longer periods, typically 24 days in June 2025 compared to 18 days in June 2024, buyers have more options and fewer bidding wars. This increased inventory allows buyers to be more selective and find a home that suits their preferences, especially in a diverse market like Seattle where every neighborhood can offer unique characteristics.