Southwest Washington Market Update – February, 2025

New listings (532) decreased 11.6% from the 602 listed in February 2024, and decreased 10.4% from the 594 listed in January 2025. Pending sales (475) decreased 16.5% from the 569 offers

accepted in February 2024, and decreased 5.0% from the 500 offers accepted in January 2025. Closed sales (419) increased 4.2% from the 402 closings in February 2024, and increased 4.8% from the 400 closings in January 2025.

Inventory decreased to 3.0 months in February. That means if no new homes were to come onto the market, that it would take 3.0 months to sell at the rate at which they are selling. Total market time held steady at 77 days.

Comparing the first two months of 2025 to the same period in 2024, new listings (1,131) decreased 2.2%, pending sales (946) decreased 4.8%, and closed sales (833) increased 16.2%.

Comparing 2025 to 2024 through February, the average sale price has increased 4.5% from $562,100 to $587,400.