Snohomish & North King County Market Update (Last 7 Days)

Snohomish & North King County Market Update (Last 7 Days)

Over the past week, the market showed signs of stabilizing after last week’s shift, with inventory pulling back slightly and buyer activity picking back up.

Key numbers:

• 405 New Listings (down from 445)
• 375 Homes Pending (up from 373)
• 244 Price Reductions (down from 272)
• 16 Price Increases (up from 7)
• 37 Back on Market (up from 30)
• 23 Expired Listings (down from 46)
• 84 Canceled Listings (down from 99)

What this shows is that while the market is still selective, some of the pressure from last week has eased. Fewer listings are hitting the market, pending activity ticked up, and price reductions slowed while price increases rose. At the same time, we’re still seeing some deals fall apart with an increase in back-on-market homes, which tells us buyers are active but still cautious.

Bottom line: This isn’t a slow market, but it’s one that continues to adjust week by week. The homes that are priced and positioned well are still moving, while others are having to adapt quickly.

Want to know how this affects you? Reach out and we can plan your next move together!