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We are starting to see the normal, seasonal uptick in new listings as winter starts to thaw and the trees start to bud. The good news about this uptick in new inventory is it is up year-over-year, illustrating that more sellers are coming to market. Inventory has been pressured since the rise in interest rates, which started in 2022 and hit their peak in October 2023 at 7.91%. Since then, rates have slowly receded and are now hovering around 6%, which has helped with inventory growth and affordability.
Pending sales in February were also up, showing that buyer demand is absorbing the increase in selection. I’m also happy to report that pending sales month-to-date this March are up compared to February, by 42% in King County and 23% in Snohomish County. This mounting activity is a positive sign for the local real estate market.
Prices are steady year-over year, down 1% in Snohomish County 12-months over 12-months and up 2% in King County, and are showing signs of seasonal growth month-over-month as we head into spring. Months of inventory is up with the uptick in new listings year-over-year, but teetering from a balanced to a seller’s market, depending on the location, price point, and product. Overall, the market is healthy, fluid, and favoring well-prepared listings that are expertly priced. Buyers are ready to strike for the homes that stand out and are showing their value.
If you are curious about today’s trends and how they relate to your goals, or just love keeping up with the market, I hope you find these facts and figures helpful. If you would like to discuss them further, please reach out. It is always my goal to help keep my client well-informed to empower strong decisions.
The new Lynnwood Neighborhood Center is a welcoming place for people of all ages and backgrounds to connect with services, learn new skills, find new opportunities, and build community.
Designed around the idea of an Italian piazza (a central, open public square; the heart of the community), LNC provides an accessible hub of services and programs to serve Lynnwood, Edmonds, Mountlake Terrace, Shoreline, and communities across the area. Inside you’ll find resources like early childhood education, medical, dental, and behavioral health clinics, adult day programs, technology lab, youth services, immigrant assistance, community events, rentable spaces for classes and trainings, including a commercial kitchen and cafe.
Resources at the LNC:
ADULTS & AGING WELL
Meaningful Day: Enriching the lives of intellectually and developmentally disabled adults through inclusive, engaging, and joyful experiences. Opportunities are created for them to get out into the community, try new things, and feel a true sense of belonging. Learn More
Old Friends Club: A social respite program for adults with dementia and their caregivers. While members enjoy time with peers, care partners get much-needed time to recharge and focus on self-care. Coming Soon!
YOUTH SERVICES
Boys & Girls Club: Serving youth ages 5–18 with high-quality programs and supports, the Club offers before- and after-school care, full-day summer programs, and enrichment focused on academic success, healthy lifestyles, life and workforce readiness, and character and leadership development. Learn More
VOA Early Learning Center: Offers a high-quality education grounded in the proven Experience Curriculum, led by caring, qualified, and experienced teachers who turn everyday moments into exciting adventures. Through hands-on exploration and play-based learning, children investigate the world around them and build creative problem-solving skills. Learn More
ChildStrive: ChildStrive supports families with young children from pregnancy through preschool with relationship-based, home-visits, and community-centered services, with the Lynnwood Neighborhood Center serving as a hub for family connection and support. Learn More
Cocoon House: Support for youth ages 12-24 through employment services focused on job readiness and placement, family engagement programs aimed at preventing youth homelessness, and case management support across south Snohomish County. Learn More
COMMUNITY RESOURCES
Korean Community Service Center: A bridge for Korean immigrants and the wider Asian community to fully integrate into society and overcome economic, health, and linguistic barriers so that they become independent and thriving members of the community. Learn More
Latino Educational Training Insitute: LETI empowers Latino immigrants and low-income individuals to achieve personal and financial success, pursue their dreams, become community leaders, and advocate for racial and economic equity. Learn More
VOA Community Resource Center: A one-stop hub of services for people in need. From help with basic needs like clothing and shelter, to assistance with other kinds of resources and programs, making sure neighbors are supported and cared for in their journeys toward stability. Learn More
WELLNESS
Center For Human Services: Provides office-based and school-based services offered to individuals, couples, and families experiencing challenges that affect their mental health and overall well-being. Our therapists provide guidance and treatment for a range of concerns, including depression, anxiety, trauma, grief and loss, divorce and separation, and other family disruptions and life transitions. Learn More
VOA Wellness Center: A hub where prevention, recovery, and self-care live under one roof. This center will work with various providers offering a rotation of wellness services treating the whole person, mind, body and lifestyle. Coming Soon!
📌 Learn more about the Lynnwood Neighborhood Center here.
💛 Donate towards the LNC capital campaign here (your donation will be generously matched by lead donor, Rick Steves, thanks to a $1M community match fund!)
