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Buying, Selling

Two Big Shifts This Week: Price Reductions Hit a New Low and Demand Outpaced Supply

This week’s market report for Snohomish and North King County has a few things going on at once. Before we get into the numbers, there is a quick housekeeping note worth reading. A New Metric Joins the Tracking: First Look NWMLS introduced a new listing type this week called First Look. These are homes that […]
Buying, Cities and Neighborhoods, Selling

Price Reductions Dropped Sharply This Week. Here Is the Full Picture.

Quick note before we get into the numbers. We missed last week’s update, so this week’s data compares to two weeks ago (August 2) rather than one week. That matters when you read the percentage changes below — a two-week gap makes some moves look larger than they might be on a week-over-week basis. I […]
Buying, Selling

Record Price Reductions, Strong Pending Sales. The Market Is Sending Mixed Signals.

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 […]
Buying, Selling

Price Reductions Are Falling for the Second Week in a Row. What Does That Mean?

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 […]

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