February Market Update

Three quick takeaways from January real estate sales:

• Buyers have more options than last year—especially in condos and in Snohomish single-family.

• Homes are taking longer to sell, so pricing & presentation matter more than they did in the tightest months.

• Single-family is still healthier than condos overall, but it’s no longer a “set it and forget it” market.

January is when the market shakes off the holiday slow-down and stretches a little. More homes hit the market (new listings surge), while closed sales usually dip because many January closings were negotiated back in December. Translation: buyers get more choice, sellers face a little more competition, and the market feels more measured.

Below is a quick look at month-over-month (Jan vs Dec) and year-over-year (Jan vs Jan 2025) trends for King + Snohomish, single-family + condos.

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Month over Month & Year over Year Stats

King County — Single Family

MoM: Inventory loosened (active +11%) and new listings jumped (+167%). Closed sales fell (-37%), median price eased (-3% to $870K), and homes took longer to sell (avg DOM 53 vs 45). Months of inventory rose to ~3.0 (from 1.7).

King County residential

YoY: More choice overall: active inventory +33%, new listings +15%, closed sales -8%. Median sold price is essentially flat-to-up (+1%).

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King County — Condos

MoM: Active listings +11%, new listings +186%, closed sales -29%. Median price dipped -3% to $520K and average DOM slowed (67 vs 51). Months of inventory increased to ~4.8 (from ~3.1).

King County Condos

YoY: Active listings +20%, closed sales -22%, and median sold price is down (-15%). This is the most “buyer-leaning” segment of the four.

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Snohomish County — Single Family

MoM: New listings surged (+112%) and active inventory rose (+6%), while closed sales dropped (-45%). Median sold price eased -5% to $710K, and DOM stretched (55 vs 43). Months of inventory moved up to ~2.9 (from 1.5).

Snohomish county single family

YoY: Inventory is the big headline: active listings +43%. Closed sales are -25%, and median sold price is -6%.

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Snohomish County — Condos

MoM: New listings jumped (+154%) while closed sales were nearly flat (-4%). Median sold price dipped -6% to $465K, and DOM lengthened (60 vs 40). Months of inventory stayed around ~2.6 (steady).

Snohomish county condos

YoY: Active listings +19%, closed sales flat, and median sold price -12%.