July 2025 Data

Published August 2025

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As summer winds down in the Pacific Northwest, the housing market is showing signs of balance. People are wrapping up vacations, kids are preparing for school, and buyers are making a final push before the holiday season. Inventory has increased significantly, giving buyers more choices than in recent years. According to the NWMLS, there are currently 3.03 months of inventory—up from just 0.73 months in July 2021 and 37.4% higher than last year.

This rise in supply has helped stabilize prices. The median closed price across the NWMLS held steady at $650,000 in July 2024 and July 2025. In Pierce County, the median sales price remained relatively unchanged—$564,950 last year compared to $565,140 this year.

While resale options have grown, new construction remains tight. Sales of newly built homes fell 4.7% year-over-year, signaling continued shortages and slower building activity.

Overall, conditions are balanced, creating opportunities for both buyers and sellers. Now is a fantastic time to shop—before the holidays arrive, explore the market’s incredible selection of homes!