Scads more inventory fails to bring Seattle-area homebuyers off the sidelines
More and more Puget Sound-area homeowners are willing to transact. Buyers, not so much.
The result was stagnant median sales prices last month for single-family residences in Pierce County ($565,000) and Snohomish County ($799,950). Prices rose 6.4% year over year to $584,975 in Kitsap and just over 5% to a record high of $1.03 million in King.
Inventory again skyrocketed as the market entered the thick of the spring sales season — up nearly 70% in King and 78% in Snohomish County. Pierce logged an over 29% increase, while Kitsap saw a muted 3.4% bump.
The Northwest Multiple Listing Service (NWMLS) on Tuesday released April's numbers, and they show buyers remain standoffish as uncertainty reigns, mortgage rates remain high and the values of stock portfolios rise and fall with the Trump administration's shifting tariff plans.
https://www.bizjournals.com/seattle/news/2025/05/07/homebuyers-seatte-stay-sidelines-inventory-surge.html
Yikes! 
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