Sun Jul 06 09:10:00 UTC 2025: Okay, here’s a summary and news article based on the text:

**Summary:**

Washington state’s housing market is showing signs of rebalancing. June data reveals a significant surge in active real estate listings, the largest since 2022, across all 27 counties served by the NWMLS. While median home prices saw slight increases both monthly and annually, the boost in inventory suggests a shift toward a more balanced market. Despite relatively high mortgage rates, closed sales also experienced modest gains. Analysts attribute this to moderating prices opening opportunities for buyers previously priced out of the market.

**News Article:**

**Washington Housing Market Sees Largest Inventory Jump Since 2022, Signaling Potential Shift**

SEATTLE – Washington’s housing market is showing signs of cooling, with a significant increase in active listings signaling a potential rebalancing, according to data released Thursday by the Northwest Multiple Listing Service (NWMLS). All 27 counties in the NWMLS service area experienced double-digit percentage gains in active listings, bringing the total to 19,837 – a substantial 38.8% increase compared to June 2024 and an 8.3% jump from May 2025.

“This increase in the availability of homes for sale and the softening of home prices indicates the region is experiencing a re-balancing of housing market trends,” said Selma Hepp, an economist with Cotality.

While the median home price in June rose slightly to $670,000, a 1.5% increase from May and 3.1% from a year ago, the surge in inventory offers more options for prospective buyers. The priciest counties remain San Juan ($1,035,000), King ($913,563), and Snohomish ($775,000).

Despite mortgage rates averaging 6.77%, closed sales also saw a modest uptick, climbing 1% year-over-year to 6,694, and 3.5% month-over-month. Several counties experienced notable spikes in closed sales, including Adams (+55.6%), Columbia (+33.3%), and Lewis (+29.7%).

“The continued anticipation of inflation and concerns about increasing government debt suggests that mortgage interest rates are not likely to go down any time soon,” said Steven Bourassa, director of the Washington Center for Real Estate Research.

Analysts suggest that the slight moderation in prices is creating opportunities for buyers who were previously priced out of the market. However, Kitsap, Snohomish, Thurston, Pierce, King and Skagit counties are showing the lowest months of inventory suggesting some markets remain competitive.

“As prices moderate, opportunities open up for buyers who have been priced out, which may help stabilize the home market,” Hepp said.

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