Weekly Market Update (December 8th to December 15th)

Weekly Market Update (Dec 8 to Dec 15)

This Week’s Stats
New Listings: 48 ↓ (from 103)
Pending Sales: 146 ↑ (from 136)
Sold Homes: 111 ↓ (from 119)
Price Reductions: 55 ↓ (from 97)

Weekly Trend Overview

This week delivered a noticeable shift across South Snohomish and North King Counties as new inventory slowed while buyer activity picked up. New listings dropped to 48 which is typical as we move deeper into December. Despite fewer fresh options, buyers stayed active and pushed pending sales up to 146 which is a strong signal of continued demand.

Closed sales eased slightly to 111 which reflects timing more than momentum, while price reductions fell sharply to 55. That drop suggests fewer sellers are making adjustments right now and many listings are either already positioned correctly or waiting until after the holidays.

Overall, this week shows motivated buyers still stepping forward even as inventory tightens.

What This Means for You

For Buyers
Fewer new listings means competition can heat up quickly on the right homes. Buyers who are prepared and decisive are still winning opportunities, especially when sellers are motivated to keep things moving before year end. Watching closely and acting quickly matters right now.

For Sellers
Even with fewer new listings, buyer activity remains strong. Pending sales rising while inventory drops is a good sign for well prepared homes. Sellers who price accurately and present well continue to stand out, even in a quieter seasonal window.

If you want to see how these trends are showing up in your specific neighborhood or are considering a move before the end of the year, I am always happy to walk through the local numbers with you.