The SW Washington Market Update You Didn’t Ask For… But Here It Is Anyway! 

Alright, folks—whether you're a proud homeowner, a hopeful buyer, or just here for the real estate tea ☕, I’ve got the latest scoop on what’s happening in Southwest Washington’s housing market.

Is it time to Buy? Sell? Panic? (Just kidding—kinda. 😆) Let’s break it down.

Fewer Homes for Sale, But More Are Selling

The number of new listings is down 11.6% compared to last year, which means fewer homes are hitting the market. At the same time, fewer buyers are jumping in, with pending sales down 16.5% from last year.

BUT—here’s the twist—more homes actually sold in February compared to last year. 🤯 That’s right, 419 homes closed last month, which is a 4.2% increase.

Translation? Homes are still selling, but buyers are being pickier, and sellers need to bring their A-game. (Shameless plug: That’s where I come in—let’s get your home sold the right way!)

Home Prices: Still Climbing!

If you’re waiting for prices to crash… well, you might be waiting a while. Home values are still going up, just at a steadier pace:

📍 Average home price: $587,400 (up 4.5% from last year)
📍 Median home price: $530,000 (up 3.9%)

Homes are holding their value, so if you're thinking of selling, you’re still in a strong position.

How Long Are Homes Sitting on the Market?

If you’ve noticed “For Sale” signs lingering a little longer, you’re not imagining things. On average, homes are spending 77 days on the market—which means buyers aren’t feeling as rushed as they were during the peak frenzy.

There’s also more inventory available, so buyers have a bit more breathing room to find the right home instead of panic-buying the first thing they see.

🔥 What This Means for YOU 🔥

Thinking of Selling?

✅ Prices are still solid, but buyers have more choices—so pricing it right is key.
✅ Expect your home to take a little longer to sell than in past years, but a well-prepped home will still move!
✅ Homes that stand out (good staging, great photos, solid marketing) are still winning!

Thinking of Buying?

✅ More homes to choose from! You don’t have to settle for a fixer-upper with a “quirky” floor plan.
✅ Less competition means you may have some negotiating power (hello, closing cost credits!).
✅ Prices are still going up, so waiting too long could mean paying more later.

So, Should You Buy or Sell Right Now?

Well, that depends on your goals! If you’re selling, you can still get great value for your home—just be strategic. If you’re buying, you’ve got more options and (at least for now) less competition, but prices aren’t dropping anytime soon.

Either way, I’ve got your back. Not sure what your best move is? Let’s talk strategy and make sure you’re making the right call.

📩 Shoot me a message or let’s grab a coffee—on me! ☕