This Week’s Stats:

• New Listings: 117 ↓ (from 183 last week)

• Pending Sales: 206 ↑ (from 201)

• Sold Homes: 161 ↓ (from 162)

• Price Reductions: 110 ↓ (from 166)

🏡 Weekly Trend Overview

The numbers shifted noticeably this week, and the Labor Day holiday likely played a role.

New listings dropped sharply to 117 — the lowest in weeks — which is typical as many sellers hold off during a long holiday weekend. Pending sales, however, remained strong, climbing slightly to 206, showing that buyers are still out there writing offers.

Closed sales dipped slightly, while price reductions fell to 110, suggesting fewer sellers felt pressure to adjust over the holiday week.

What This Means for You

For Buyers:
With fewer new listings, competition may feel tighter this week. Still, pendings rising shows that well-priced homes are still moving — so don’t wait too long if you find the right one.

For Sellers:
If you held off listing during Labor Day, you weren’t alone. Expect a bounce in new listings in the coming weeks as the market picks back up. Fewer price reductions are a sign that homes priced right are selling without adjustment.

Lately, you may have seen headlines claiming that new construction inventory is at its highest levels since 2008. It’s true that new-home numbers are up, but here’s where the story often gets misread: we’re not back in 2008. Not even close.

Back then, the market was flooded with both new and existing homes. Today, while new construction has grown, total inventory (new plus resale) still doesn’t compare to the massive oversupply that triggered the housing crash nearly two decades ago.

Here in South Snohomish County and North King County, inventory is improving but the pace remains balanced, not bloated. Buyers finally have more options, yet sellers aren’t facing a glut of competition. That’s a very different market dynamic from what national headlines suggest.

What’s Happening in Our Local Market

• More Choices for Buyers: Neighborhoods like Lynnwood, Edmonds, and Shoreline are seeing more active listings compared to last year. This gives buyers breathing room to shop without the frenzied pace of 2021–2022.

• Still Below Pre-Pandemic Levels: Even with new homes coming online in communities like Mill Creek and Mukilteo, overall inventory is still lower than what we saw in the 2017–2019 market.

• Not a 2008 Situation: The increase in new construction is helping to balance the market, but combined supply isn’t anywhere near the “too much inventory” conditions of the last housing crash.

• Days on Market Creeping Up: Homes in Everett and nearby areas are taking a bit longer to sell compared to last summer. This gives buyers some negotiating power, while sellers need to focus on presentation and pricing.

Why This Matters for Buyers and Sellers

• For Buyers: More inventory means you don’t always have to rush into a decision or waive contingencies. You’ve got a bit more leverage than just a year ago.

• For Sellers: Don’t panic at the word “more inventory.” Homes are still moving, but buyers are choosier. Pricing right and making your home shine are what set you apart.

Bottom Line

National headlines can make it sound like we’re heading back into a housing crisis. The truth in South Snohomish County and North King County real estate is much steadier. More inventory is a good thing—it brings balance to the market.

If you’re curious how this shift affects your specific neighborhood in Lynnwood, Edmonds, Mukilteo, Mill Creek, Shoreline, or Everett, I’d be happy to break down the numbers for you.

This Week’s Stats:

• New Listings: 183 ↑ (from 179 last week)

• Pending Sales: 201 ↓ (from 219)

• Sold Homes: 162 ↑ (from 141)

• Price Reductions: 166 ↑ (from 139)

📈 Weekly Trend Overview

Inventory ticked up slightly this week with 183 new listings, while pending sales pulled back to 201 after last week’s surge. Closed sales climbed to 162, showing stronger follow-through from earlier pending activity.

Price reductions also rose to 166, highlighting that buyers are still sensitive to overpricing even as demand holds steady.

What This Means for You

For Buyers:
More homes are available, but buyer competition is still steady. The rise in price reductions creates opportunities for value, especially if you’re patient and flexible.

For Sellers:
Homes are selling — closed sales rose this week — but pricing remains critical. The jump in price reductions shows buyers won’t chase inflated prices. Proper pricing and strong presentation remain the winning formula.

This Week’s Stats:

• New Listings: 166 ↓ (from 175 last week)

• Pending Sales: 181 ↓ (from 200)

• Sold Homes: 121 ↓ (from 162)

• Price Reductions: 183 ↑ (from 161)

📉 Weekly Trend Overview

The market cooled across most key metrics this week. Fewer new listings and pendings suggest both buyer and seller activity has eased slightly. Closed sales had the sharpest decline this week, likely reflecting the slower pace of pending sales from earlier in the summer.

One standout change: price reductions jumped to 183, the highest we’ve seen this month. This points to increased price sensitivity and the need for strategic pricing from the start.

What This Means for You

For Buyers:
Inventory dipped slightly, but more price reductions mean increased opportunities to find value. With pendings slowing, you may have a bit more time to act, but well-priced homes will still move quickly.

For Sellers:
With buyer activity easing, competitive pricing and strong presentation are critical. More price drops in the market show that buyers are sensitive to overpricing. Position your home correctly from the start to sell faster and for the best price possible.