Market Recap
Visual Here MTD: Compared to the same time last month, housing activity across the Puget Sound region continues to show a more balanced spring market, with inventory levels steadily increasing while buyer demand remains resilient. Many counties are seeing stronger pending activity alongside growing selection, signaling that buyers are still actively engaging with the market despite having more options available than they did just a month ago. While closed sales activity remains mixed depending on the area, overall conditions suggest the market continues to normalize as the spring season progresses, with well-positioned homes still attracting meaningful buyer attention. WoW: Week over week activity across the Puget Sound region remained relatively steady, with inventory continuing to build while buyer demand held firm in many markets. Seattle and several surrounding counties saw stronger pending activity despite a slowdown in the pace of new listings following the prior week’s surge, suggesting buyers are still actively engaging with available inventory. Some higher price point and lifestyle markets experienced softer contract activity, while areas like Snohomish, Kitsap, and parts of the North Sound continued to show encouraging momentum. Overall, the market continues to trend toward a more balanced environment, with buyers gaining more choice while demand remains active for well-positioned homes.
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