July 2025 Market Update: Southwest Washington's Housing Market Finds Its Stride

July 2025 Market Update: Southwest Washington's Housing Market Finds Its Stride

The real estate market in Southwest Washington is showing remarkable resilience and a move toward a more balanced state. Our latest data for July 2025 reveals a market that, while cooling from the intense pace of a year ago, is still delivering solid results for both buyers and sellers. This is a story of mixed trends and a strong foundation that continues to support our local economy.

July at a Glance: A Market in Motion

Looking at the numbers from July, we see a dynamic picture.

• New listings saw a healthy 2.9% increase from July of last year, offering more options for buyers. However, they were down slightly by 9.6% from June 2025, which is a typical seasonal trend.

• Pending sales rose by 4.8% compared to a year ago, indicating that buyer demand remains strong.

• Closed sales saw a 0.9% bump from last month, showing that deals are getting done and homes are changing hands.

• Inventory has settled at a more balanced 3.5 months, a notable increase from a year ago. This gives buyers more choices and a bit less pressure.

• Market time remained steady at 49 days, suggesting that well-priced homes are still moving efficiently, a sign of a healthy market.

Price Trends: Appreciation Continues

Despite a shift away from the bidding wars of the past, home values in Southwest Washington are still appreciating.

• The average sale price rose by 2.9% to $626,000.

• The median sale price increased by 3.0% to $550,000.

This consistent growth is great news for sellers who are looking to capitalize on their equity. For buyers, it highlights the importance of getting into the market now, as prices continue to trend upward.

A Focus on Affordability in Clark County

One of the most encouraging takeaways from this report is the affordability index for Clark County. Despite rising home prices, the index shows that a family with the median income can still comfortably afford the monthly mortgage payment on a median-priced home. This is a testament to the strong local economy and a reminder that homeownership remains an attainable goal for many in our community.

Cowlitz County: A Unique Story

Cowlitz County’s market reflects its own distinct trends. With new listings totaling 220 in July and an average sale price around $550,000, it presents unique opportunities for buyers and sellers alike. We are closely monitoring this market to provide the most precise and timely advice.

Your Trusted Guide Through a Balanced Market

This market's stability and consistent appreciation create a unique window of opportunity. Whether you’re a buyer looking for more options and a little less competition, or a seller who wants to maximize your equity in a healthy market, now is the time to act.

Navigating these subtle shifts requires expert guidance. We’re here to help you understand what these numbers mean for your specific goals and to craft a winning strategy.

Ken & Susan Rosengren Call or text: 602.609.0226 Email: KenRosengren@Lucidoglobal.com or SusanRosengren@Lucidoglobal.com

You can also book a no-obligation conversation for buyers, sellers, or investors at your convenience: Book a Conversation