Inventory in Westlake has increased on a rolling three‑month basis, with active listings up about 15 percent year over year to 25 homes. New listings have also climbed roughly 35 percent compared with a year ago, adding more options for shoppers. Even with this higher supply, homes sold and pending sales are both up strongly year over year, with closed sales higher by nearly 38 percent and contracts more than doubling.
Pricing has been adjusting downward in response to these shifts. The typical home value over the latest three‑month window is down by nearly 30 percent from a year earlier, and the median list price is lower by a similar margin. Sellers are also seeing buyers negotiate more, with the average sale‑to‑list ratio around 96 percent and no recent sales closing above list price.
Speed has changed notably, as the median days on market now sits at about three weeks, a sharp drop from a year ago and suggesting that well‑priced homes still move quickly. Despite this faster pace, months of supply remains relatively high at just over six months, in contrast to the broader Seattle market at about 2.8 months, signaling looser conditions locally than in the city overall. With these cross‑currents in inventory, pricing, and speed, both buyers and sellers in Westlake can benefit from an Agent Pronto–recommended real estate professional who understands the latest trends and can guide their next move.
