The Snohomish County housing market, as of October 2024, shows home prices stabilizing after a seasonal peak of $861,000 in July, now averaging $809,000. Prices are expected to hover around $800,000 through the end of the year, with potential changes in 2025, depending on interest rates and economic factors. Inventory has stabilized, but new construction continues to increase. Homes are selling more slowly, with an average of 20 days on the market. Buyers may find favorable conditions due to less competition, while sellers face challenges. The market could shift in 2025 with possible Federal Reserve rate cuts.

Read the full article here: https://www.joefrankrealtor.com/post/snohomish-county-real-estate-health-trends-insights-for-october-2024

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