Seattle Housing Market 2025: Prices, Inventory & Interest Rates Explained!

Seattle’s housing market is kicking off 2025 with some big changes! After years of post-pandemic fluctuations, we’re seeing signs of stability—and even growth. In this episode of RE radar, I break down what’s happening in the market right now.

Home prices are on the rise, with the median sale price in Seattle hitting $775,000 in January—up 2.6% from last year. But the real story is in the number of new listings, which just saw their biggest January jump in 14 years. What does that mean for buyers? Is it finally getting easier to find a home? And for sellers, does this increase in inventory mean it’s time to list before competition ramps up?

I also dive into interest rates, which are hovering around 6.99% for a 30-year fixed mortgage. While that may seem high compared to the rock-bottom rates we saw during COVID, it’s important to keep things in perspective. Could rates drop this year? Maybe. But one thing I can almost guarantee—home prices in 2026 will be higher than they are today. Whether you're buying, selling, or just keeping an eye on the market, this update will give you the insights you need to make smart real estate decisions. Let’s dive in!

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