Weekly Market Update – Feb 9th through Feb 15th

This Week’s Stats

New Listings: 168 ⬆️ (135)
Pending Sales: 165 ⬇️ (178)
Sold Homes: 112 ⬆️ (87)
Price Reductions: 54 ⬇️ (61)

Weekly Trend Overview

Inventory jumped this week with 33 more homes hitting the market compared to last week. That is a noticeable increase and gives buyers more options to look at.

Pending activity dipped slightly, but not dramatically. Even with more listings available, buyers are still writing offers at a healthy pace.

Closed sales had a strong bump, which tells us contracts from previous weeks are continuing to convert and move through to closing.

Price reductions declined, which suggests sellers are positioning homes more accurately from the start or that buyer demand is absorbing new inventory without as much resistance.

Overall, this feels like a more balanced and active February market across South Snohomish and North King County.

What This Means for You

Buyers

You finally have more choices. That is good news.

With new listings rising, you may see less intense competition on certain homes. That said, well priced homes are still moving. The drop in pendings is not dramatic enough to signal a slowdown. If you see the right home, hesitation can still cost you.

This is a great time to be watching the market closely and ready to act.

Sellers

Inventory rising means competition is increasing.

The good news is sold numbers are up and price reductions are down. That tells me buyers are still motivated and homes are still closing. But pricing strategy matters more now than it did when inventory was tighter.

Preparation, presentation, and pricing are everything in this type of market shift.