Hi, I’m Doron Weisbarth with Weisbarth & Associates, and welcome to my March 2025 Market Update! This spring is shaping up to be one of the best we’ve seen in several years, with all trends pointing to increased activity in the real estate market. Buyers continue to be out in force, and they’re encountering much lower inventory than what was typical before 2020. But make no mistake—they’re out shopping, and with just 1.5 months of housing supply, competition is getting fiercer.
Let’s take a look at the data. If you check out this graph, you’ll see that all key market indicators are rising—new listings, pending sales, closed sales, and median prices. And while it’s not shown on the graph, the time that homes are staying on the market before selling has plummeted. In January, homes were taking about 26 days to sell. By February? That number dropped to just 6 days. That’s a drastic shift in a very short time.
And let’s talk prices. The highest median single-family home price in Seattle for all of last year was $960,000. In February, we already hit $940,000—and the year is just getting started. While numbers may fluctuate throughout the year, what really matters is the overall trend. And if you look at the graph of median sales prices for King County, you’ll see that prices are trending sharply upward, following a very familiar pattern.
By the way, if you want to look at this data and read my report at your pace and leisure, you’ll find all this information in my March newsletter, available online and for download, for free, at Weisbarth.com/Newsletter, that’s Weisbarth.com/Newsletter.
One segment of the market I’m keeping a close eye on is new construction. According to the National Association of Home Builders, tariffs and construction labor shortages are expected to impact both the number of new housing starts and the final cost of new construction homes. In our area specifically, we need to add 17,000 new homes per year just to keep up with demand, and we are already way behind. With inventory already tight, this could have a significant impact on home prices in the coming months.
So, whether you’re thinking about buying or selling this year, or know someone who is, 2025 holds great opportunities—but only for those who know how to navigate this market strategically. My team and I have developed proven systems for both buyers and sellers that outline exactly what to anticipate and how to maximize success. We’ve got a 3-step system for buyers, and a 5-step system for seller, and… we’ve got the numbers prove that our systems beat out the competition on every measure. Preparation, timing, and execution are everything! So let’s map out a plan that sets you up for success in 2025. For a no-obligation consultation just reach out by email, text or, the best way - a good old-fashioned phone call at 206-779-9808, that’s 206-779-9808. I love talking to new and old friends alike, so don’t be a stranger.
And as always, when you work with us, you’re also making a difference. Your business and referrals help support Akin, an organization doing incredible work to help kids and families in need. So, you’re not just making smart real estate decisions—you’re also giving back to the community.
Thanks for watching this vlog. don’t forget to like, subscribe, and follow for more updates, and be sure to check out my monthly newsletter at Weisbarth.com/newsletter. I’m Doron Weisbarth with Weisbarth & Associates, and I’ll see you next time! Happy Spring!