Weekly King County Market Watch
As the year came to a close, the King County housing market shifted firmly into a seasonal slowdown, marked by fewer homes coming to market and more selective buyer activity. Active listings declined sharply in the final week of December, reinforcing the typical year-end tightening of supply, while new listings rebounded from a holiday lull but remained well below fall levels overall. Buyer demand showed modest improvement, with both pending and closed sales ticking up from the prior week, though activity remains quieter than earlier in the fall. Pricing was mixed and largely driven by which homes happened to sell: average sold prices and price per square foot moved higher week over week, while median prices stayed essentially flat, signaling stability rather than broad appreciation. Homes continued to sell close to list price, but market pace slowed, with days on market and cumulative days on market rising as buyers took more time to decide. Overall, late December reflects a seasonal pause rather than a market shift—sellers should expect longer timelines and price sensitivity, while buyers benefit from reduced competition and greater leverage heading into the new year.
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.
