Local Market Update – December 2025 - Windermere Capitol Hill

Local Market Update – December 2025

Seasonal Slowdown with Steady Inventory Growth

As November wrapped up, all four of our regional markets moved into the familiar rhythm of late fall. Active listings naturally dipped from October, yet they remained higher than this time last year. This lift in year-over-year inventory is helping soften price pressure and create a more balanced environment for both buyers and sellers. How these patterns carry into early 2026 will depend on affordability and how ready buyers feel to re-enter the market.

King County: More Homes on the Market and Slower Sales

King County’s median single-family price slipped 1% year over year, moving from $925,000 to $915,000. Inventory continued to grow, rising 35% from last November, even with a seasonal decline from October. Closed sales slowed and fell 13% year over year and 24% month over month. The condo market also cooled. Prices decreased 10% to $507,880, while active listings rose 16%, giving buyers a broader set of options at more accessible price points.

Seattle: Slight Price Growth with Thoughtful Buyer Activity

Seattle was the only region to post a year-over-year price increase. The median residential price rose 1% to $973,500. Active listings were up 32% from last year but followed normal seasonal patterns with a 19% decline from October. Closed sales dipped 11% as buyers remained selective. Condo prices held steady at $573,500, and inventory grew 21%, offering strong choices for first-time buyers and those who want to stay close to the city center.

Eastside: Plenty of Supply and Split Market Signals

On the Eastside, the median single-family price fell 7% year over year to $1,430,000. Inventory remained high with a 73% increase from last November. Buyer activity showed a mix of momentum and hesitation. Pending sales rose 10% year over year, while closed sales declined 17%. Condos continued to shine. The median condo price climbed 9% to $750,000 as buyers turned toward more affordable options in this higher-priced region.

Snohomish County: More Options for Buyers and Softer Prices

In Snohomish County, the median residential price declined 4% year over year to $750,000. Active listings jumped 39%, giving buyers more room to explore their options. Closed sales were down 16% and pending sales dipped 6%, signaling cooler demand. The condo market followed similar patterns, with prices falling 9% to $485,000 and inventory rising 51%, creating a wider selection of attainable homes.

Looking Ahead: A Steady Finish to the Year

As the holiday season arrives, the Puget Sound market continues to move into a more even and steady pace. Higher inventory compared to last year is creating opportunities for buyers, while sellers still benefit from motivated end-of-year activity. With fewer new listings expected during winter and the spring market approaching, this can be a great time to plan your next move.

If you are thinking about buying or selling, or simply want to understand how today’s conditions fit your goals, we are here to help you navigate the market with clarity and confidence. Connect with your Windermere agent to explore your next step together.