Published by The Pelham Group Northwest | June 5, 2025
The latest housing data from the Northwest MLS shows a clear shift in the local market: new listings in Snohomish County are rising faster than homes are selling, pushing inventory to levels we haven’t seen in years. For both buyers and sellers, this signals an important moment to pay attention to what’s happening on the ground.
Snohomish County Inventory Surges to Highest Level in Years
In May 2025, 1,737 new listings hit the market in Snohomish County—up from 1,541 in May 2024. Total active listings reached 1,815, a massive 64.1% increase year-over-year from just 1,106 in May 2024.
This is the most inventory we’ve seen in Snohomish County since before the pandemic, creating more opportunity for buyers who have been navigating tight conditions and tough competition over the past few years.
King County is seeing a similar shift, with a 57.7% year-over-year increase in active inventory, reinforcing that this is a regional trend—not an isolated event.
Buyer Activity Is Slower to Respond
Even with more homes available, buyer activity hasn’t caught up to the surge in listings. In Snohomish County:
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Pending sales totaled 1,153, down 2.7% from May 2024.
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Closed sales came in at 923, a 3.45% decline year-over-year.
While buyers are actively touring homes—NWMLS keybox activity and showings were both up in May—the higher interest rates (still near 7%) and cautious sentiment are contributing to a slower pace of actual transactions.
Prices Hold Steady Amid Market Shift
Despite the shifting balance of supply and demand, home values in Snohomish County remain strong. The median sales price in May 2025 was $785,000, which is consistent with May 2024—showing that price appreciation has paused, but not declined.
This is a positive sign for sellers: homes that are priced right and well-presented are still commanding strong values.
What This Means for Buyers and Sellers
If you’re a buyer, this is your moment to shop with confidence. More inventory means more choices, more negotiating room, and less pressure to rush into decisions. With over 70% of listings eligible for Down Payment Resource (DPR) assistance, there may be financial programs available to help reduce your upfront costs too.
If you’re a seller, strategic preparation is more important than ever. With more homes on the market, it’s essential to stand out—through strong pricing, expert staging, and smart marketing. The good news? Demand is still there, and prices remain steady.
Thinking About Buying or Selling in Snohomish or King County?
The Pelham Group Northwest is here to help you navigate every shift in the market. We bring local expertise, data-driven strategy, and genuine care to every client experience.
📞 Call or text Kim Pelham at 425-876-7916
📧 Email: kim@pelhamgroupnorthwest.com
Let’s make a plan that works for your goals—whether you’re buying your dream home, selling a current one, or exploring your next move.
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