This week’s numbers don’t tell a clean story in one direction. Price reductions hit a new high in our tracking series. At the same time, pending sales hit their strongest number since mid-June and sold homes jumped 20%. Both sides of the market got more active this week. Here’s what that actually means. This Week’s […]

Two weeks ago, price reductions in Snohomish and North King County hit 388, the highest number we had tracked all summer. Last week they dropped to 370. This week they came in at 350. That’s two straight weeks of decline, and it’s the clearest positive trend in the data right now. But the week wasn’t […]

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 […]