Weekly Market Update: May 25th through May 31st

This Week’s Stats

New Listings: 262 ⬆️ (197 last week)

Pending Sales: 200 ⬇️ (218 last week)

Sold Homes: 178 ⬆️ (166 last week)

Price Reductions: 186 ⬆️ (169 last week)

Weekly Trend Overview

Inventory took a noticeable jump this week, with new listings climbing from 197 to 262. That’s a significant increase in fresh opportunities for buyers heading into June.

Pending sales eased slightly from last week’s pace, but closed sales continued to move higher, suggesting many buyers who secured homes earlier in the spring are now reaching the closing table.

Price reductions also increased, which is a sign that some sellers are still adjusting expectations to match current buyer activity and competition levels.

What This Means for You

Buyers

More inventory is giving buyers additional choices and reducing some of the pressure we’ve seen in recent months. While well priced homes continue to attract attention, the increase in price reductions creates opportunities for buyers willing to be patient and selective.

Sellers

The market remains active, but buyers have more options than they did just a few weeks ago. Proper pricing, strong presentation, and strategic marketing are becoming increasingly important as inventory grows. Homes that are positioned correctly are still selling, while overpriced listings are more likely to see price adjustments.

As we move into June, it will be interesting to see whether the surge in new listings continues and whether buyer activity keeps pace with the growing selection of homes available across South Snohomish County and North King County.