Kevin Erickson • 12.1.2025 Monday Market Insights
Compass-PNW.com
King County | YoY
Nov '25 vs Nov '24 FOR SALE 4,716
24.30% SOLD 1,648 -12.70% PENDING 1,682
Visual Here
11.10%
Compass-PNW.com
King County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
King County | Weekly
FOR SALE
4,734 -7.0% SOLD 289
-39.9%
Visual Here
PENDING
340
-19.6%
NEW LISTINGS
160
-61.4%
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Seattle | Weekly
FOR SALE
2,090 -7.1% SOLD 111
-39.7%
Visual Here
PENDING
138
-16.9%
NEW LISTINGS 66
Compass-PNW.com
-62.9%
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Eastside | Weekly
FOR SALE
1,336 -7.5% SOLD 72
-47.1%
Visual Here
PENDING
82
-29.3%
NEW LISTINGS 38
-67.0%
Compass-PNW.com
Pierce County | YoY
Nov '25 vs Nov '24 FOR SALE 2,207
20.50%
SOLD
Visual Here
735
-10.50%
PENDING
845
12.50%
Compass-PNW.com
Pierce County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Pierce County | Weekly
FOR SALE
2,223
-5.9%
SOLD
142
-24.5%
Visual Here
PENDING
188
-16.1%
NEW LISTINGS 101
Compass-PNW.com
-48.2%
Snohomish County | YoY
Nov '25 vs Nov '24
FOR SALE
1,530
35.20% SOLD 657
Visual Here
-16.00% PENDING 701
2.20%
Compass-PNW.com
Snohomish County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Snohomish County | Weekly
FOR SALE
1,546 -7.1% SOLD 136
Visual Here
-21.4% PENDING 122
-35.8%
NEW LISTINGS 57 -61.0%
Compass-PNW.com
Skagit County | YoY
Nov '25 vs Nov '24
FOR SALE
347
20.90%
SOLD
Visual Here
85
-29.80%
PENDING
118
12.40%
Compass-PNW.com
Skagit County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Skagit County | Weekly
FOR SALE
347
-7.5%
SOLD
11
-62.1%
Visual Here
PENDING
28
-22.2%
NEW LISTINGS
10
Compass-PNW.com
-65.5%
Whatcom County | YoY
Nov '25 vs Nov '24
FOR SALE
837
21.70%
SOLD
Visual Here
199
-1.50%
PENDING
216
40.30%
Compass-PNW.com
Whatcom County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Whatcom County | Weekly
FOR SALE
839
-4.2%
SOLD
28
-45.1%
Visual Here
PENDING
38
-37.7%
NEW LISTINGS 25
Compass-PNW.com
-45.7%
Thurston County | YoY
Nov '25 vs Nov '24
FOR SALE
748
47.20%
SOLD
Visual Here
235
-13.60%
PENDING
254
16.50%
Compass-PNW.com
Thurston County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Thurston County | Weekly
FOR SALE
756
-4.3%
SOLD
48
Visual Here
-29.4%
PENDING
60
-22.1%
NEW LISTINGS 34
Compass-PNW.com
-38.2%
Island County | YoY
Nov '25 vs Nov '24
FOR SALE
333
18.50%
SOLD
Visual Here
95
11.80%
PENDING
81
17.40%
Compass-PNW.com
Island County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Island County | Weekly
FOR SALE
334
-3.2%
SOLD
16
-54.3%
Visual Here
PENDING
15
-31.8%
NEW LISTINGS 3
Compass-PNW.com
50.0%
San Juan County | YoY
Nov '25 vs Nov '24
FOR SALE
144
25.20%
SOLD
Visual Here
21
-12.50%
PENDING
19
72.70%
Compass-PNW.com
San Juan County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
San Juan County | Weekly
FOR SALE
145
-1.4%
SOLD
3
Visual Here
-40.0%
PENDED
3
-50.0%
NEW LISTINGS 3
Compass-PNW.com
50.0%
Kitsap County | YoY
Nov '25 vs Nov '24
FOR SALE
600
2.20%
SOLD
Visual Here
251
-22.30%
PENDING
270
7.60%
Compass-PNW.com
Kitsap County | YoY
Visual Here
Compass-PNW.com
11/23/25 - 11/29/25 vs 11/16/25 - 11/22/25
Kitsap | Weekly
FOR SALE
603
-4.7%
SOLD
62
Visual Here
-6.1%
PENDED
55
-12.7%
NEW LISTINGS 34
Compass-PNW.com
-34.6%
Last Week Recap
DOM
Median Active Price Median Sale Price
44 41 39 63 48 52 60 51 62
$800K $749K
$770K $790K
King County
Seattle
$1.298M
$1.200M
Eastside
$625K $775K $660K $624K $550K $700K
$561K $676K $645K $580K $497K $615K
Pierce County
Snohomish County
Visual Here
Skagit County
Whatcom County Thurston County
Island County
227
$1.200M
$1.750M
San Juan County
64
$657K
$611K
Kitsap County
Week Ending: 11/29/2025
Compass-PNW.com
Market Recap
Visual Here WoW: The Thanksgiving week produced the traditional slowdown, with sharp drops in new listings and closed sales across every county, consistent with holiday behavior. King County saw new listings fall more than 60% and pending sales drop nearly 20%, while closings fell almost 40%. Seattle, the Eastside, Pierce, Snohomish, Skagit, Whatcom, Thurston, Island, San Juan, and Kitsap counties exhibited similar patterns—new listings down 40–70% week over week and pending sales down meaningfully in most markets as both buyers and sellers stepped back for the holiday period. Inventory also tightened across nearly all counties, reflecting both reduced seller activity and gradual seasonal absorption. Despite the pullback in transaction counts, pricing remained stable, with county-level median active and sold prices holding close to prior weeks (see page 31), demonstrating that the slowdown is seasonal, not structural. Overall, the week-over-week data aligns perfectly with expected late-November market rhythms: fewer listings, fewer sales, less movement—but steady pricing and continued underlying demand. YoY: November 2025 is showing a healthier and more balanced market compared to the same time last year. Inventory is notably higher across every major county, giving buyers more choices than they had in November 2024. Despite this increased supply, closed sales are running lower year over year, largely due to longer transaction timelines and a calmer pace rather than weakening demand. Pending sales, however, are up in nearly all counties, signaling that buyers remain active and engaged even if fewer deals have reached the closing table so far. Pricing has held steady across the region, suggesting that the softer closed-sale counts are more seasonal and timing-based than reflective of declining values. Overall, November 2025 reflects a more supplied, more active, and more stable market environment than November 2024.
Compass-PNW.com
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