February 2025 NWMLS Pending Sales Market Report
A Fresh Look at the Market
The NWMLS has rolled out a new report to help buyers and sellers get a real-time pulse on the market. This isn’t just another set of numbers—it’s a real snapshot of what’s happening right now. The latest pending sales data from February 2025, gives us a clearer picture of buyer demand, pricing trends, and how competitive the market really is. Whether you’re looking to buy your first home, sell, or invest, understanding these insights can help you make smarter moves.
King County (February 2025)
Total Pending Listings: 1,481
Current Pending Listings (as of March 3, 2025): 1,867
Median Pending Price: $950,000 (unchanged from the previous period)
Average Pending Price to List Price Ratio: 101%
Multiple Offers: A significant number of pending sales involved multiple offers.
Pendings with Inspection Addendum: 36%
Pendings with Finance & Escalation Addendums: Common, showing competitive buyer behavior.
Snohomish County (February 2025)
Total Pending Listings: 619
Current Pending Listings (as of March 3, 2025): 838
Median Pending Price: $850,000 (+6.9% from the previous period)
Average Pending Price to List Price Ratio: 100%
Multiple Offers: 31%
Pendings with Inspection Addendum: 33%
Pendings with Finance Addendum: 70%
Pendings with Escalation Addendum: 12%
Pierce County (February 2025)
Total Pending Listings: 873
Current Pending Listings (as of March 3, 2025): 1,203
Median Pending Price: $585,000 (+2.6% from the previous period)
Average Pending Price to List Price Ratio: 100%
Multiple Offers: 64%
Pendings with Inspection Addendum: 28%
What This Means for You
The real estate market across King, Snohomish, and Pierce counties is still going strong, with homes moving quickly and buyers competing for the best properties. If you’re looking to buy, now is the time to be strategic—get pre-approved, move fast, and make competitive offers. Sellers, on the other hand, can take advantage of strong demand and well-priced listings.
Want to dive deeper into the numbers or talk strategy? Let’s chat!
