Weekly King County Market Watch
King County continued its early-January reset in the week ending 1/17, with more homes coming to market but buyers being selective. Inventory rose again, while new listings eased slightly from the prior week (after the big post-holiday surge), suggesting sellers are still active but settling into a more normal rhythm. Buyer demand strengthened on the front end, with a noticeable increase in homes going under contract, even as closed sales slowed—typical for this time of year since closings lag new contracts. Pricing softened a bit in recent closings, while list prices stayed essentially steady, and homes continued to sell close to asking price. The biggest shift was pace: homes are taking longer to sell, giving buyers more time and leverage, while sellers are seeing the best results when they price accurately and show well as the market builds momentum into the rest of January.
Contact me today to set up a consultation in person or virtually to learn more about market conditions, Compass Concierge, and how I can leverage our nationwide network to source buyers to sell your home for more money.
