Weekly King County Market Watch
King County’s housing market remained active this week as spring inventory continued to build, with the number of homes for sale rising another 3.9% to the highest level seen so far this year. While new listings pulled back modestly from the prior week, overall supply remains significantly elevated compared to the start of the year, giving buyers more selection across the market. Pending sales were essentially flat week over week, signaling that buyer demand is still holding steady even as inventory expands. Closed sales declined from the previous week, though pricing trends remained resilient overall, with the average sold price increasing 4.0% week over week and the average sold price per square foot also moving higher. Sellers continued to maintain strong negotiating leverage, with homes selling at or near full asking price on average. Market pace also remained healthy, with average days on market improving to 27 days, reinforcing that well-priced homes are still moving relatively quickly despite increased competition. Overall, King County continues to transition into a more balanced spring market, where growing inventory is creating more opportunity for buyers while demand remains stable enough to support pricing across much of the region.
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.
