A new housing report by the Northwest Multiple Listing Services shows the prices of homes in several Washington counties had been on a downward trend this year.
That includes homes in King, Pierce, and Snohomish counties; but those on the hunt for a home said they’ve struggled to find the right deal.
“Back in March of this year the median sale price was $760,000 here in King County. That’s down from $838,753 in March of 2022,” Gardner explained.“Month over month home prices here in King County are up about 4.6%, they’re up about 2.3% in Snohomish County, down about 0.8% in Pierce County,” said Gardner. He added, “No one wants to sell their home and, as I said earlier, lose that never seen before, likely never seen again mortgage rate. So the market is going to be tight.
“[There’s] kind of the limited number of homes on the market right now but a lot of them are also sitting for 35-40 days, and you finally see them lower the prices a little bit,” they said. “We’re looking at about one a week.” The Porters added, “People are still bidding on houses so if you got a high price and they bid them up maybe 10% or 20%.”
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