Housing Market Adjusting To Seasonal Norms

As we move into spring and summer, the housing market is experiencing a return to more typical seasonal trends. Home inventory is increasing, price growth is stabilizing, and mortgage rates have eased slightly from early 2025 levels. While price cuts are happening, they reflect a return to normal pricing strategies rather than a market downturn.

Buyer activity is on the rise, with more mortgage applications and home showings indicating strong demand. Experts predict mortgage rates will stabilize around 6.5% by year-end. For buyers, this means more options and negotiating power, while sellers should focus on realistic pricing to attract motivated buyers.

As always, working with a knowledgeable real estate professional can help navigate these seasonal shifts and make informed decisions.

Locally, Mason County remains in a seller’s market with just 2.9 months of inventory based on closed sales in February 2025. The number of homes for sale increased 24.8% year-over-year to 186 listings, while pending sales climbed to 79—up 16.2% from February 2024. However, sold listings dipped slightly to 64 homes, reflecting a 3% year-over-year decline.

Home prices remain steady. The average sold price was $444,000 in February, up 4.7% from the same time last year. Price per square foot rose 8% year-over-year to $269, though this marks a 4.3% decrease from January.

Sellers are receiving strong offers, closing at 97% of original list price—an increase from 95% in February 2024.

Homes spent an average of 75 continuous days on the market in February. While this is longer than a year ago, it is a 6.2% improvement from January, indicating continued movement in listings as buyers act on available inventory.

For a list of Chambaer member real estate professionals, visit the directory.

Information provided courtesy of Realtor Jamie Mell & John L Scott Real Estate.