Southwest Washington Market Update – April, 2025
SW Washington Market Update – April, 2025
New listings (889) increased 7.0% from the 831 listed in April 2024, and increased 22.8% from the 724 listed in March 2025. Pending sales (595) decreased 1.8% from the 606 offers accepted in April 2024, and decreased 5.4% from the 629 offers accepted in March 2025. Closed sales (535) increased 0.9% from the 530 closings in April 2024, and increased 20.8% from the 443 closings in March 2025.
Inventory decreased to 2.9 months in April. That means if no new homes were to come onto the market, that it would take 2.9 months to sell at the rate at which they are selling. Total market time increased to 65 days.
Comparing the first four months of 2025 to the same period in 2024, new listings (2,768) increased 0.4%, pending sales (2,106) decreased 3.2%, and closed sales (1,853) increased 3.5%.
Comparing 2025 to 2024 through April, the average sale price has increased 5.8% from $576,800 to $610,200.
