Inventory
The number of homes on the market sets the pace. Low inventory means more competition for well-priced homes; more inventory gives buyers time to compare.
Market Report
Market insights for North King and Snohomish Counties.
The Puget Sound housing market is the product of inventory, interest rates, new construction, and seasonality, moving differently neighborhood by neighborhood. This page offers a clear look at what shapes the market and where to find the data.
Quarterly snapshot
The current numbers, as they are released.
The most useful market data changes every month. Rather than print figures that go stale on the day they publish, we compile the latest neighborhood numbers into a quarterly report. The next snapshot is being compiled now and will appear here and in the Document Vault the moment it is ready.
Market snapshot
Prepared for interested buyers and sellers
Median single-family price
Figures being compiled
New listings this month
Figures being compiled
Days on market (median)
Figures being compiled
Price per square foot
Figures being compiled
Share of sales above asking
Figures being compiled
Data refreshed on the quarterly report. Ask us for current figures for your specific neighborhood and home type.
What moves the market
Four forces behind every local number.
Interest rates
Mortgage rates shape buying power and, in turn, how sellers price and how many buyers are active. Rate moves can shift a market quickly.
New construction
New construction across North King and Snohomish Counties adds supply and resets buyer expectations for both new and resale homes.
Seasonality
Western Washington moves in rhythms. Spring and summer bring more listings and buyer activity, while fall and winter favor prepared sellers.
Local markets
The market is different where you look.
A county-wide average hides what matters in your neighborhood. We follow the micro-markets our clients live in.
What is your home worth right now?
Get current, neighborhood-specific guidance from a broker who knows this market from the lending, flipping, and listing sides.