Snohomish County Statistics Comparison | October | September | August | July |
Residential Home Sales | 836 | 907 | 1,026 | 934 |
Residential Home Pending Sales | 1,589* | 1,670 | 1,780 | 2,024 |
Active Residential Listings | 3,525 | 3,546 | 3,218 | 3,095 |
* 763 went pending in the month of October
As we enter into the Holiday months the real estate market historically tends to slow down and we are starting to see this happen. Market times have increased, original asking prices are starting to drop, and the number of available homes on the market has slowly increased. But the interest rates remain pretty steady for now, which in turn has the potential to slowly turning the upcoming months into more of a normal market. I wouldn’t say that it's a buyer's or a seller's market at this point - it's pretty neutral. With this months saturation rate being at 2.2 months worth of residential real estate, there is a good number of available homes for buyers but not too much competition for sellers.
Interest rates remain for a 30-year fixed with no points is around or below 6.25%.
