Housing Inventory: 4,123 King County home listings, 753 new in 7-days, steady w/w, UP m/m

Mortgage Rates: 6.71% (avg 30yr conv), DOWN m/m, DOWN w/w

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

Last week, activity slowed as buyer caution increased amid broader macroeconomic concerns. Pending sales declined, while active inventory grew slightly, driven by a modest uptick in new spring listings. Sold listings increased compared to the previous week. The median list price held steady, though the median sale price dipped slightly, reflecting sales activity from earlier weeks.

Despite last week’s slowdown, market activity remains ahead of where we were at this time last month — and even this time last year — with more listings going under contract. Active inventory continues to trend higher, which is keeping days on market elevated as buyers have more options to consider. However, well-prepared and strategically presented homes are still moving quickly and often selling above list price.