The Snohomish County housing market is experiencing its usual winter slowdown, with fewer new listings and homes for sale, longer days on market, and a decrease in pending sales. Buyers have slightly more negotiating power as sellers adjust their expectations, but motivated buyers are still closing deals quickly. While the market is quieter now, spring is expected to bring more listings and increased activity. Inventory remains tight, which could keep prices steady, but mortgage rates and economic conditions, like inflation and job growth, will play a key role in shaping the months ahead. For buyers, this quieter season may offer opportunities with less competition, while sellers can still succeed by pricing homes competitively and focusing on presentation.

As we move toward spring, expect a more dynamic market with increased competition. If you have questions or want personalized advice for buying or selling, feel free to get in touch anytime!

Read the full blog article here: December 2024 - Snohomish County Real Estate Health, Trends & Insights

The information provided on this podcast is for informational and entertainment purposes only. All views and opinions expressed are solely those of the host and guests, and do not constitute real estate, financial, tax, legal, or other professional advice. Every situation is unique, and you should always conduct your own research and due diligence before making any decisions. Please consult directly with qualified professionals such as a licensed real estate agent, attorney, or tax advisor regarding your specific circumstances.