For the past several weeks, we’ve been watching the gap between new listings and pending sales widen. It went from 40 homes back in mid-June all the way out to 167 homes last week. This week, that gap dropped to 85. That’s not a small move. It’s worth understanding what drove it and whether it […]

Last week the market was quiet. New listings had dropped in half because of the July 4th holiday. Pending sales actually outpaced new listings for the first time in weeks. It looked like things might be shifting. This week answered that question pretty clearly. The holiday effect is gone, and the underlying market dynamics are […]

New listings fell 52% this week in Snohomish and North King County. That sounds alarming. But before you read too much into it, here’s the important context: July 4th fell on a Saturday this year, and this report covers that full holiday weekend. New listings almost always drop sharply during holiday weeks. Sellers take a […]

Last week, 394 new listings came on the market in Snohomish and North King County, and 310 of them went pending. That’s a gap of 84 homes. This week, 441 new listings hit the market while pending sales only dipped slightly to 298. The gap is now 143 homes.   That’s a meaningful jump. But […]