The November 2024 Snohomish County housing market analysis highlights a seasonal dip in new listings and steady home prices, despite higher mortgage rates.

Average home prices remain strong at around $800,000, though buyers are taking more time to decide, leading to longer days on market and more room for negotiation. Limited inventory continues to support prices, giving sellers an advantage, while buyers benefit from less pressure to act immediately.

Looking to 2025, the market may shift if mortgage rates stabilize, potentially boosting buyer interest. As always, I’m here to help you make the best real estate decisions!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.