Real Estate Report: Inventory Expanding; Pierce, Thurston Buck Broader Sales-Price Declines

Homebuyers in June saw the highest home selection this year with active listings up 16.4% year-over-year, totaling 23,088 homes. Closed sales rose 2.3% from last year, while median prices held steady at $650,000, 3% lower than June 2025. Pierce and Thurston counties saw price increases in single-family homes, while some South Sound counties experienced declines. Mortgage rates rose to 6.49%, impacting affordability and sales.