The January 2023 market data in Snohomish and King County shows a mix of a shifting market and normal seasonal fluctuations. It can be challenging to distinguish the impact of rising interest rates and buyer caution on the recent decrease in prices and increase in days on the market.

The data doesn't suggest a declining market in Snohomish County. 

Snohomish county's median and average residential sales prices change in January 2023, compared to December 2022, resemble January 2022 compared to December 2021. This year, the median price slightly increased by 0.7% while the average decreased by 1.1%. In January 2022 compared to December 2022, the median remained stable, and the average dropped by 1.5%.

Snohomish County January 2023 Market Report Data Chart

On a year-over-year basis, the January…

81 Views, 0 Comments

Finding your dream home is both an emotional process and a major commitment! As you move through your home search journey, there are a few questions you should consider to make sure the home you fall in love with is actually “the one.” 

1. Is this home located in your target area?  

If you were to purchase this home, how long would your commute be? Does it put you too far from family or friends? Is the location going to be the right fit for your lifestyle? Even if you love everything else about a property, if it isn’t in a great location, it may not be the right place for you to settle down.

2. Does it check your “must-have” boxes? 

During your home search, you should make a list of non-negotiable must-haves, such as having a certain number of…

85 Views, 0 Comments