Rising Inventory, Adjusting Prices and What It Means for You
November 2025 Market Update for King, Pierce and Snohomish Counties
The Northwest Multiple Listing Service has released the November 2025 Market Snapshot, and the story is clear. Inventory is rising, sales have slowed, and prices are adjusting across the region. This creates both challenges and opportunities depending on your goals.
Below is a breakdown of what is happening locally in King, Pierce and Snohomish Counties, along with insights for homeowners and buyers planning their next steps.
Median Sales Price: Prices Ease Across All Three Counties
King County
2024: 837,350
2025: 830,000
Trend: Slight decrease
Pierce County
2024: 557,671
2025: 558,000
Trend: Flat to slight increase
Snohomish County
2024: 760,000
2025: 717,500
Trend: Noticeable softening
Prices in King and Snohomish shifted downward, while Pierce held mostly steady. Buyers now have more negotiating power than they did one year ago, especially in Snohomish County.
Inventory: More Homes Available Than Last Year
King County
Active Listings 2024: 3,565
Active Listings 2025: 4,541
Trend: Strong increase
Pierce County
Active Listings 2024: 1,767
Active Listings 2025: 2,181
Trend: High increase
Snohomish County
Active Listings 2024: 1,118
Active Listings 2025: 1,584
Trend: Significant increase
All three counties saw substantial increases in available homes year over year. Snohomish had one of the highest jumps in the state.
More inventory means buyers have more choices and less competition. Homeowners must price strategically to stay competitive.
Sold Listings: Fewer Closings as Buyers Take Their Time
King County
2024: 1,862
2025: 1,613
Pierce County
2024: 839
2025: 765
Snohomish County
2024: 815
2025: 696
Sales declined across all three counties, consistent with regional trends influenced by stable but elevated interest rates and typical seasonal slowing.
Pending Sales: Buyer Activity is Still Happening
King County
2024: 1,792
2025: 1,742
Pierce County
2024: 923
2025: 952
Snohomish County
2024: 836
2025: 779
Pending sales held steady, with Pierce County even seeing an increase. This signals that while buyers may be cautious, they are still active and writing offers.
New Listings: King Up, Pierce and Snohomish Down
King County
2024: 1,472
2025: 1,573
Pierce County
2024: 793
2025: 721
Snohomish County
2024: 660
2025: 597
King County continues to see more sellers entering the market, while Pierce and Snohomish saw fewer new listings, even as their total inventory increased. Older listings are staying active longer.
What This Means for Homeowners
If you are considering selling in 2025 or early 2026:
• More competition means strategic pricing and strong marketing matter more than ever
• Homes that show well and are priced for today's market are still selling
• Many buyers are motivated by down payment assistance, which increased significantly year over year
If you are thinking about selling, we can provide a complimentary market valuation and strategy session customized to your county and neighborhood.
Request your home value today.
What This Means for Buyers
If you have been feeling squeezed by the market over the past few years, this winter is working in your favor.
• Inventory is higher
• Prices have softened
• Interest rates leveled at 6.23 percent
• Over 75 percent of listings now qualify for down payment programs
Now is a good time to secure a home with less competition, negotiate favorable terms, and get settled before spring demand returns.
Let us help you navigate the shifting market with clarity and confidence.
Schedule a buyer strategy call today at 425.931.3275
Final Thoughts
The market across King, Pierce and Snohomish Counties is adjusting. It is not crashing, but rebalancing. Higher inventory and slight price corrections are creating opportunities for buyers, while sellers can still succeed with the right guidance.
If you are planning a move in the next 12 months, let us talk about your goals and how today’s numbers impact your strategy.
Contact Katrina Eileen Real Estate for personalized guidance via phone or text at 425-931-3275