Stats by Kat | Snohomish County Market Update: 19 May 2025 Market Activity & Inventory: Snohomish County’s housing inventory continues to build, now sitting at 1.4 months, the highest level we’ve seen in months. Last week 270 new listings came on the market, while only 161 homes went pending, meaning new listings are outpacing sales. For sellers, this means smart pricing and strong presentation are more important than ever. Offer Review Dates - Still Somewhat Effective: While not every listing is flying off the market, sellers are still finding some success by setting Offer Review Dates (ORDs) to create urgency and drive competition. This past week, 40% of listings employed ORDs, and they remain a fairly effective strategy—especially for well-prepared, well-priced homes. Contingencies & Buyer Behavior: According to NWMLS data for May 12th - 18th: · 29% of homes received multiple offers · 41% of accepted offers included an Inspection Contingency · 76% included a Financing Addendum Almost 1/3 of sellers that got under contract last week received multiple offers. Speed to Pending: Well-priced homes continue to command quick offers: · 40% of listings from May 4th - 10th went pending within 7 days · 50% of listings from April 20th - May 3rd were pending within 14 days For homes that recently closed: · Average Days on Market: 16 · Median Days on Market: 6 Pricing Performance: The right listing, at the right price, still generates strong results: · 48% sold over asking · 14% received 5%+ over list · 4% exceeded asking by 10% or more · 1% sold for 15%+ over asking · However, 27% of sellers received less than asking price, a reminder that today’s buyers are discerning and overpricing can quickly stall momentum. Market Summary: While the 2025 market remains healthy, especially for new listings, it’s not the same frenzied pace we saw in 2024. Buyer behavior has shifted slightly. Homes are taking longer to sell, contingencies are reappearing, and pricing precision matters more than ever. Sellers who invest in presentation, partner with the right broker, and price their homes competitively will continue to find success even in a market that’s becoming more nuanced. If you're thinking of selling, let’s talk strategy. The first 7 days still matter more than anything, and getting it right from the start is how we win in this market. | 
