Housing Inventory: 4,661* King County home listings, 973 new in 7-days - Expect sustained large number of new listings through Spring and Summer with buyer activity/absorption rates fluctuating

*Between 2015-2025, the average winter low to summer high is 3273-6334.

Mortgage Rates: 6.81%* (avg 30yr fixed**), up m/m, up w/w, volitile, but in the expected 6.5-7 range we were predicting since last year

https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed

*based on LTV and by credit
**“Average 30yr fixed“ is standard for reporting - The 50 year average of the “average 30-year fixed” is ~7.75%.

Active listings increased from the previous week, accompanied by a rise in sold listings, while pending sales remained stable or declined overall—though they increased in areas like Snohomish, Skagit, Island, San Juan, and Kitsap Counties. New listings declined, days on market ticked up slightly, the median active price held steady, and the median sold price edged down.

Active inventory has now exceeded July 2024 levels in most areas, while pending listings remain relatively stable compared to this time last month. Meanwhile, March sales continue to gain momentum.