This document provides a local market update for residential and condominium properties in the 98052 area as of November 2025.
Residential new listings increased by 6.3% in November 2025 compared to the previous year, with a year-to-date rise of 27.8%. Pending sales surged by 64.7%, while closed sales rose by 50%. However, the average days on market until sale increased significantly by 47.1%, indicating a slower sales pace. The median sales price for residential properties rose by 11.1% year-over-year, while the average sales price saw a modest increase of 4.2%. The percentage of list price received dropped by 5.8%, reflecting a shift in buyer dynamics. Inventory levels more than doubled, leading to a months supply of inventory increase of 140%.
In the condominium market, new listings grew by 5.6%, but pending sales decreased by 14.9%. Closed sales plummeted by 56.3%, suggesting a significant slowdown. Days on market until sale increased by 41.2%, with median sales prices declining by 5.8% year-over-year, while average sales prices fell slightly by 2.1%. The percentage of list price received also decreased by 2.9%. Inventory levels remained stable, with a modest increase in months supply of inventory.
