After a Buyer Surge, the Snohomish & North King County Market Takes a Breath

Last week’s report had a good story to tell. Pending sales jumped almost 30% in a single week. The gap between new listings and pending sales dropped from 141 homes down to just 40. It looked like buyers were finally stepping off the sidelines.

This week adds a second data point to that story, and it’s a little more mixed. That’s actually the whole lesson here: one week of numbers never tells you everything.

This Week’s Numbers (Week Ending June 21, 2026)

• 394 New Listings (down from 435, -9%)
• 310 Pending Sales (down from 395, -22%)
• 10 Contingent listings (a new metric I’m tracking starting this week)
• 312 Price Reductions (down from 329, -5%)
• 5 Price Increases (down from 12)
• 27 Back on Market (down from 41, -34%)
• 33 Expired Listings (up slightly from 32)
• 100 Canceled Listings (down slightly from 102)
• 228 Homes Sold (down from 282, -19%)

The Gap Widened Back Out

Two weeks ago, new listings were outpacing pending sales by 141 homes. Last week, that gap shrank all the way down to 40. This week, it widened back out to 84.

So what happened? New listings only eased off by 9%. Pending sales dropped a lot more, down 22%. Buyers pulled back faster than sellers did this time around.

It’s tempting to call that a reversal. But hold on, because the rest of the data tells a calmer story.

The Signs That Actually Matter

If buyer demand were truly falling apart, you’d expect to see it everywhere. More price cuts. More expired listings. More deals falling through. None of that happened this week. In fact, most of these numbers moved in the right direction.

• Price reductions went down, from 329 to 312.
• Back on market listings dropped 34%, from 41 to 27.
• Expired and canceled listings barely moved at all.

That tells me something important. Fewer sellers are needing to chase the market with a price cut. And fewer deals are falling apart once they go under contract. Both are healthy signs, even with pending sales down this week.

A New Metric I’m Tracking: Contingent Listings

Starting this week, I’m adding one more number to the mix: contingent listings. These are homes under contract, but with conditions still open, like financing or inspection. Right now there are 10 of them. It’s a small number, but it gives an early look at deals before they hit pending status. I’ll keep watching it over the next few weeks to see if it tells us anything useful.

What This Means If You’re Selling

The headline number this week, pending sales down 22%, might look discouraging at first. But look a little closer and the picture gets better. Homes that are priced right and presented well are still selling without needing a price cut. Fewer contracts are falling apart after going under contract too.

None of that changes the basic strategy. Price your home to match today’s market, not last year’s. Present it well from day one. And if the first couple weeks don’t bring offers, be ready to respond quickly instead of waiting it out.

What This Means If You’re Buying

Inventory is still healthy compared to the last few years, even with new listings easing up a bit. If you’ve been waiting for a window with more selection and less competition, that window hasn’t closed. Last week was a reminder that window won’t stay open forever. But this week shows there’s no need to rush into something out of fear of missing out.

The Bottom Line

One strong week followed by one more typical week doesn’t mean the trend flipped. It means the market is settling into its footing. And the numbers that matter most for overall health all moved in a good direction this week. That includes price reductions, back on market, expired, and canceled listings. That matters more than the pending number on its own.

The right move still depends on your situation, not on one week of headlines. If you want to talk through what this means for you, reach out anytime. I’m happy to walk through it with you.

Data sourced from Snohomish & North King County MLS activity, week ending June 21, 2026.

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

Over the past week, more inventory continued to come to market while pending activity slowed.

Key numbers:

• 448 New Listings (up from 436)
• 307 Homes Pending (down from 359)
• 321 Price Reductions
• 11 Price Increases
• 44 Expired Listings
• 125 Canceled Listings

Over the past month, one trend has become pretty clear. Inventory has remained steady while buyer activity has become more selective. We’re seeing more homes come on the market than go pending, and sellers continue to make pricing adjustments to stay competitive.

Market Insight

The most important number I’m watching right now isn’t price reductions. It’s the relationship between new listings and pending sales.

Just a few weeks ago, pending activity was keeping pace with new inventory. This week, 448 homes came on the market while only 307 went pending. That gap tells us buyers have more choices than they did earlier this spring, which puts more pressure on sellers to stand out.

We’re still seeing homes sell every day, but buyers are taking their time and comparing options more carefully before making decisions.

Even though price reductions came down from last week’s spike, there were still 321 price reductions across Snohomish and North King County. That’s a reminder that pricing correctly from the start remains one of the biggest factors in a successful sale.

If you’re thinking about buying or selling, understanding where your home fits within today’s market is more important than ever.

Want to know how these trends affect your plans? Reach out and let’s talk through your options.

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

Over the past week, the market saw a surge in activity, with more listings, more sales, and more buyers getting homes under contract. At the same time, we’re seeing a significant increase in price reductions, showing that buyers are still very sensitive to pricing.

Key numbers:

• 436 New Listings (up from 346)
• 359 Homes Pending (up from 286)
• 349 Homes Sold (up from 248)
• 384 Price Reductions (up from 251)
• 11 Price Increases (up from 4)
• 36 Back on Market (up from 26)
• 44 Expired Listings (up from 33)
• 125 Canceled Listings (up from 87)

What this shows is that demand improved this week, with pending and sold activity increasing substantially. However, the biggest story may be the 384 price reductions, which outpaced the increase in buyer activity. Sellers are continuing to adjust expectations as buyers remain selective and focused on value. The increase in canceled and expired listings also suggests some sellers are choosing to pause rather than compete.

Bottom line: The market remains active, but pricing strategy is becoming even more important. Buyers are purchasing homes, but they’re rewarding properties that are priced correctly and overlooking those that miss the mark.

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

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

Over the past week, the market has been more balanced than most people think.

Key numbers:

• 390 New Listings
• 398 Homes Pending
• 242 Price Reductions
• 5 Price Increases
• 31 Back on Market
• 20 Expired Listings

What this shows is pretty straightforward—homes are still selling at a steady pace, but buyers are being more selective. With such a large gap between price reductions and increases, pricing correctly from the start matters more than ever. We’re also seeing some deals fall apart or listings miss the mark, which creates opportunity for buyers but adds pressure on sellers to be strategic.

Bottom line: This isn’t a slow market—it’s a more selective one. The homes that are priced and positioned well are still moving, while others are having to adjust.

What’s Really Happening in the Silver Lake & Everett Real Estate Market This Fall

Fall always brings a shift in the Silver Lake and Everett real estate markets — leaves change, and so do buyer and seller behaviors. As a local Real Estate Professional and Managing Broker with Century 21 Real Estate Center, I’ve been tracking the numbers closely. In this update, I’m breaking down what’s happening now, what it means for you, and how to make smart decisions as we head into winter.

1. What the Numbers Are Saying

– **Home Prices:** Prices are holding relatively steady compared to last spring, but appreciation has slowed.
– **Inventory & Days on Market:** Inventory in Silver Lake and Everett has ticked up slightly, giving buyers more options.
– **Interest Rates & Buyer Behavior:** Higher rates have made buyers more cautious and selective.
– **Seller Concessions:** Some sellers are offering incentives (closing cost help, home warranties) to stay competitive.

Local Snapshot: One of my recent listings went under contract in just 3 days — even with seasonal slowdowns — because we priced it right and had it fully prepped from day one.

2. What This Means for You

For Sellers

Be strategic with pricing and presentation. A clean, staged, and well-maintained home always stands out. Consider offering small incentives or flexibility to make your listing more appealing.

For Buyers

Move quickly when the right home comes up. With good preparation, you can still find great opportunities even with higher rates.

For Homeowners (Not Selling Yet)

Keep an eye on your neighborhood comps and use the fall season to handle minor upgrades — fresh paint, landscaping, or small fixes that pay off later.

3. Local Perspective & Stories

As a Managing Broker and Growth Director in this region, I’ve helped clients navigate every kind of market. One client hesitated to buy last summer, hoping for better conditions later. By the time spring arrived, rates had climbed — and their purchasing power dropped. Acting strategically, even in uncertain times, can save you thousands.

4. What’s Ahead — Winter & Beyond

Expect a quieter winter with steady pricing for well-presented homes. If mortgage rates improve, expect renewed buyer activity by spring. Preparation and timing — not panic — are the real advantages right now.

📞 Schedule Your Market Review: Call Charles Dizon at (206)853-2680

Every market has its rhythm — and when you understand it, you can move with confidence. If you’re wondering how today’s Silver Lake and Everett trends might affect your plans, let’s talk and find your best path forward.