Weekly Market Update (Jan 6th to Jan 12th)

This Week’s Stats

New Listings: 131 ↑ (from 47)
Pending Sales: 114 ↑ (from 94)
Sold Homes: 81 ↓ (from 90)
Price Reductions: 55 ↑ (from 44)

Weekly Trend Overview

This week marked a clear shift in activity across South Snohomish and North King Counties, with a noticeable jump in new inventory and buyer movement. New listings increased to 131, noticeable movement from last week’s 47, which is not surprising given the expectations for this increase after the holiday break.

Pending sales also climbed to 114, showing that buyers are responding to the increased selection and continuing to write offers despite more options coming online. Closed sales dipped slightly to 81, which is typical when inventory spikes and reflects timing rather than demand weakening.

Price reductions increased to 55, suggesting that some sellers are adjusting expectations as competition grows and buyers gain a bit more leverage.

Overall, this week shows momentum returning after a slower prior week, with both sides of the market becoming more active.

What This Means for You

For Buyers

More inventory means more choice and improved negotiating opportunities. With new listings rising and price reductions increasing, buyers can be selective and strategic while still seeing healthy activity levels.

For Sellers

Competition is increasing quickly. Homes that are priced well and presented properly are still attracting buyers, but pricing accuracy matters more now. Overpriced listings are more likely to require adjustments as inventory grows.