Weekly Market Snapshot – South Snohomish & North King County

Weekly Market Update (Nov 17 to Nov 24)

This Week’s Stats

New Listings: 89 ↓ (from 130 last week)
Pending Sales: 164 ↑ (from 158)
Sold Homes: 126 ↓ (from 130)
Price Reductions: 115 ↓ (from 133)

Weekly Trend Overview

This week brought a continued slowdown in fresh inventory with only 89 new homes hitting the market. Even with fewer choices coming online, buyers stayed active and pushed pending sales up to 164. Closed sales reached 126 which shows steady follow through from recent weeks. Price reductions held strong at 115 which reinforces that buyers remain selective and sellers who miss the mark on pricing are adjusting quickly.

What This Means for You

For Buyers
New homes are still arriving each week, but the smaller pool of fresh listings means not every property fits what today’s ready and willing buyers want. The most attractive homes are still drawing attention right away while overpriced or incomplete listings often sit until the next round of reductions. Staying prepared and watching for the right match is as important as ever.

For Sellers
Buyer activity is solid, but the current market rewards accuracy. Homes that are priced well and presented well are the ones winning attention. With reductions continuing to trend high, the data keeps showing that buyers have clear expectations and are quick to move on from anything that feels out of step with today’s market.

If you want a deeper look into your neighborhood or are considering a move, I can walk you through the local trends and pricing strategy that works best right now.