Weekly Market Update: June 8th through June 14th

This Week’s Numbers

New Listings: 254 ↓ (from 265)
Pending Sales: 231 ↑ (from 225)
Sold Homes: 152 ↑ (from 132)
Price Reductions: 203 ↓ (from 211)

Weekly Trend Overview

The market across South Snohomish and North King Counties remained active this week, with a slight dip in new inventory but stronger buyer activity. Pending sales increased for the second consecutive week, and closed sales saw a healthy jump as transactions continue moving through the pipeline.

While new listings eased slightly from last week, inventory remains substantially higher than it was earlier this spring, giving buyers more choices than they’ve had in recent years. At the same time, the decline in price reductions suggests sellers are becoming more realistic with their initial pricing strategies or are finding buyers more quickly.

The combination of rising pending sales and fewer price reductions points to a market that remains balanced. Well-priced homes continue to attract attention, while buyers are taking advantage of increased selection and negotiating opportunities.

What This Means for You

For Buyers

With inventory still elevated compared to earlier this year, buyers have more options and more time to evaluate homes. While competition remains strong for desirable, move-in-ready properties, many buyers are finding greater flexibility in negotiations, inspection requests, and seller concessions than they would have just a couple of years ago.

For Sellers

Buyer demand remains steady, as shown by the increase in pending sales and closed transactions. However, today’s buyers are paying close attention to value. Homes that are priced appropriately and presented well continue to generate strong interest, while overpriced listings are often seeing longer market times and eventual price adjustments.

If you’re considering a move in 2026, understanding your home’s value and your local market conditions is more important than ever.