Seattle Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Source: NWMLS - Resale only
CURRENT INTEREST RATE
© 2025 John L. Scott Real Estate
The kickoff to spring is defrosting the housing market. In the later part of February, we saw an increase in new resale listings over the previous year and a steady decline of interest rates into the upper 6s. Meanwhile, the Sales Activity Intensity™remains at a frenzy level.
SPRING INTO ACTION
A MARKET IN MOTION
Momentum in the market stirs as regional job growth and new return to office mandates brings people back into the region, while those with major home equity are repositioning either locally or out of state. Additionally, with the shortage of inventory, price support in the market is not only buoyant but elevated.
March 3, 2025 Source: Mortgage News Daily
6.74%
Key Market Indicators MARCH 2025 (FEBRUARY RECAP)