📊 Weekly Market Snapshot – South Snohomish & North King County

This Week’s Stats:

• New Listings: 166 ↓ (from 175 last week)

• Pending Sales: 181 ↓ (from 200)

• Sold Homes: 121 ↓ (from 162)

• Price Reductions: 183 ↑ (from 161)

📉 Weekly Trend Overview

The market cooled across most key metrics this week. Fewer new listings and pendings suggest both buyer and seller activity has eased slightly. Closed sales had the sharpest decline this week, likely reflecting the slower pace of pending sales from earlier in the summer.

One standout change: price reductions jumped to 183, the highest we’ve seen this month. This points to increased price sensitivity and the need for strategic pricing from the start.

What This Means for You

For Buyers:
Inventory dipped slightly, but more price reductions mean increased opportunities to find value. With pendings slowing, you may have a bit more time to act, but well-priced homes will still move quickly.

For Sellers:
With buyer activity easing, competitive pricing and strong presentation are critical. More price drops in the market show that buyers are sensitive to overpricing. Position your home correctly from the start to sell faster and for the best price possible.