January 2023 King and Snohomish County Real Estate Market ReportPosted by RE/MAX Town Center on
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%.
On a year-over-year basis, the January…
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