Residential housing inventory in the greater Seattle area rose nearly 28% year over year to 13,341 properties, with median home prices at $620,000, up 4.2% from January but down 1.6% from last year. Closed sales fell 3% year over year but increased 19.5% from January. Lower mortgage rates under 6% have yet to boost annual sales. Investor purchases surged 37%, driven by high prices and rental demand, amid zoning changes allowing denser housing.