March market update

Across both King and Snohomish Counties, the February numbers show more listings coming on, more buyers engaging, and more overall movement than we saw in January. Inventory is building, which is giving buyers more choices, but demand is still active enough that well-prepared and well-priced homes are getting attention.

The bigger picture is this: the market feels more balanced than it did during the tightest stretches of the past few years, but it is not standing still. In most categories, pending sales rose from January to February, and in several segments prices moved up as well.

King County Single-Family

King County single-family remains the strongest segment overall.

From January to February, the number of homes for sale increased 17.1%, new listings rose 17.9%, pending sales climbed 25.6%, and closed sales jumped 33.1%. Median sold price also moved up 8.6%, from $870,000 to $945,000. Months of inventory based on pending sales tightened slightly from 2.2 to 2.1, and average days on market improved from 53 to 38.

Compared with a year ago, inventory was up 44.7% and new listings were up 23.7%, while pending sales were up 8.4%. Closed sales were down 7.5% year over year, but pricing held steady overall, with the median sold price up 1.1% from February 2025.

That tells us buyers are still active, even with more selection than they had a year ago.

In plain English, this is still a healthy market for sellers, but not one to take for granted. Good presentation, strong preparation, and realistic pricing still matter.

King County Condos

The King County condo market is improving, but it still looks more price-sensitive and selective than the single-family side.

Month over month, inventory rose 12.9%, pending sales increased 17.1%, and closed sales were up 15.2%. Median sold price rose 5.8%, from $520,000 to $550,000, while the average sold price increased 11.2%, from $654,000 to $727,000. Average days on market improved from 66 to 59.

Year over year, though, the condo market still shows a more measured pace. Inventory was up 24.8%, but pending sales were down 10.6% and closed sales were down 22.2% from February 2025. The median sold price was also down 12.4% year over year, from $628,000 to $550,000. Months of inventory remained at 4.7 based on closed sales, which continues to give buyers a bit more leverage and time.

For sellers, this means pricing and presentation are especially important. For buyers, it likely means more room to be thoughtful and a little less pressure than on the single-family side.

Snohomish County Single-Family

Snohomish County single-family continues to look healthy heading into spring.

From January to February, inventory increased 10.0%, new listings rose 14.5%, pending sales climbed 22.3%, and closed sales jumped 42.6%. Median sold price increased 6.7%, from $703,000 to $750,000, and the average sold price rose 3.9% to $845,000. Months of inventory tightened from 2.9 to 2.2 based on closed sales, and average days on market improved from 54 to 47.

Compared with February of last year, inventory was up 47.6%, new listings were up 23.8%, and pending sales were up 14.3%. Closed sales were down 11.5% year over year, and the median sold price was down 2.6%, from $770,000 to $750,000. Even so, the overall picture still points to solid buyer demand, especially for homes that are move-in ready and priced well.

This remains an attractive segment for buyers looking for a little more space and a better price point than many King County options.

Snohomish County Condos

Snohomish County condos may be one of the quieter bright spots in this report.

From January to February, inventory rose 18.3%, new listings increased 17.6%, pending sales climbed 33.7%, and closed sales were up 17.8%. Median sold price rose 10.1%, from $465,000 to $512,000, and average sold price increased 11.3%, from $515,000 to $573,000. Average days on market improved significantly, dropping 31.7% from 60 days to 41.

Year over year, inventory was up 64.2% and new listings were up 44.8%, while pending sales were up 1.5%. Closed sales were down 10.2% from a year ago, and median sold price was down 2.5% year over year. Even so, the month-to-month momentum here is encouraging as we move deeper into the spring market.

This segment does not always get much attention, but the latest numbers suggest it is gaining traction.

Three Takeaways for Homeowners

1. Spring inventory is showing up.All four categories saw more homes for sale in February than in January, with inventory up anywhere from 10.0% in Snohomish single-family to 18.3% in Snohomish condos.

2. Buyers are still active.Pending sales rose in every category month over month, from 17.1% in King County condos to 33.7% in Snohomish County condos. That is a strong sign that demand is still very much in the market.

3. Strategy matters more when buyers have choices.This is not quite a “list it and wait” market. More inventory means buyers can compare more options, so pricing, condition, and presentation matter more now than they did in tighter market cycles. That is especially true in the condo segments.

Final Thought

March is shaping up to be a market with more movement, more opportunity, and a little more nuance.