Higher inventory means buyers have more options, but sellers need to price their homes right from the start. I’ll show you how to get ahead of the market.
What’s happening in the spring 2025 market in Snohomish & King Counties? If you’re a buyer, you may feel like the options are limited, but you have more homes for sale now than you did a year ago. So, count yourself blessed. But what does that mean for buyers, sellers, and our local real estate market? Here’s what you need to know:
What’s happening in Snohomish County? We have 17% more homes available this year than last year. However, even though we have 17% more homes available now, we only have 4% more homes pending or in process, and only 2.8% more sales than we did last year.
Sellers need to be at their best to ensure their home stands out in the market. It’s a creative environment where both buyers and sellers must be proactive. Everyone should be ready to put in the effort to sell their house successfully.
Where are home prices in Snohomish County right now? This year, our median home prices are 3% higher than they were last spring. Despite higher interest rates, we saw significant growth in prices and values. Recently, that growth has quieted down, but we’re still seeing a 3% increase in value compared to last year.
“Closing a deal in 2025 takes more than just an offer—it takes strategy.”
What’s happening in King County? You might be surprised by this: King County has 20% more homes available and 12% more pending sales, but only 1% more closed sales. This suggests that deals are falling through more often in King County compared to Snohomish County.
Like in Snohomish County, King County sellers must be proactive and work hard to ensure their transactions succeed.
Where are home prices in King County right now? Overall, prices are less than 1% higher this year than last year. This means the market has remained stable: we haven’t lost much but haven’t gained much.
What does this mean for you? Depending on your location, if you’re a buyer, you need to get your ducks in a row: be well-prepared and ensure everything is in order.
And if you’re a seller, that means you’ll have to pay close attention to recent sales in your area because you can’t overshoot the market right now. Homebuyers are not able or willing to take a chance on inflated prices. If they feel the price is too steep, they’re going to wait for a better option; they’re not willing to do just anything to get a house anywhere.
What does this mean for real estate? It means we step in to help make things happen. I was at the courthouse for four hours last week with one of my clients, handling the legalities of making sure that all the title issues were in order. I’ve been sending my people to insurance companies, attorneys, and lenders. We’re making sure that we use all of our resources and connections to help you complete your solid home transaction.
It doesn’t matter where we start; what truly counts is the outcome. Our goal is to support you until the very end. We’re here for you. We’re in it for the long haul. If you have any questions, please reach out.
If you’re a seller and want to know your home’s current value, call us. We can meet with you, walk through your house, and provide insights on how we would sell it if needed, regardless of whether you’re ready to sell right now. If you need that information, let’s have that conversation.
If you’re a buyer, call us now. Get your ducks in a row, whether it’s fixing your credit, preparing your earnest money, or understanding the steps to ensure you find a home that doesn’t require a lot of repairs. Call us to find out how we can simplify the process for you.
We’re here for all your real estate needs, so let us know how we can be there for you. Message, email, or call us at (425) 422-7372 or Sandy@SandyAndCompany.com. We’re excited to help you with your real estate needs.
