Weekly Market Update: February 16 through February 22, 2026

This Week’s Stats

New Listings: 143 ⬇️ (168)
Pending Sales: 169 ⬆️ (165)
Closed Sales: 104 ⬇️ (112)
Price Reductions: 70 ⬆️ (54)

Weekly Trend Overview

Inventory pulled back this week with fewer new listings hitting the market compared to the week prior. At the same time, pending activity ticked up, which tells us buyers are still very active and writing offers.

Closed sales dipped slightly, which is normal as we move through seasonal shifts and contract timing cycles. What stands out most is the jump in price reductions. Seventy homes reduced their price this week, which is a noticeable increase and signals that some sellers may have started too aggressively.

We are seeing a market that is active, but sensitive to pricing.

What This Means for You

Buyers

More homes are going under contract even with fewer new listings coming on. That means competition still exists, especially for well priced homes in strong locations.

The increase in price reductions creates opportunity. If a home has been sitting for a few weeks or recently reduced, there may be room for negotiation. Strategic timing matters right now.

Sellers

Pending numbers rising is good news. Buyers are out there.

However, the spike in price reductions is your warning sign. The market is not forgiving on overpricing. Homes that come out strong and aligned with current buyer expectations are the ones that move quickly and avoid chasing the market down with reductions.

If you are thinking about selling this spring in Lynnwood, Edmonds, Bothell, Mill Creek, Everett, Shoreline or surrounding areas, preparation and pricing strategy will make all the difference.

If you want to talk through your home’s position in today’s market, I am always happy to run the numbers and give you a clear plan.