Active listings hit highest volume since 2018 in Northwest MLS

by Emily Marek

 June 10, 2025

Active listings in the NWMLS surpassed 18,000 in May, hitting the highest level since September 2018, according to the latest data from the Northwest Multiple Listing Service.

Meanwhile, home sales decreased 3.3% across the region as the median home price remained high at $654,995 and mortgage rates refused to budge, staying near 7% all month.

“Relative to the previous month, the number of active listings increased by 3,851, while the number of closed sales increased by only 580,” said Stephen Bourassa, director of the Washington Center for Real Estate Research. “In other words, listings increased by nearly six-and-a-half times the growth in the number of sales.”

Despite that, the region’s inventory surge is a sign of positive momentum for the market, NWMLS said. Read More

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