North Sound Home Inventory Update – Fall 2025

By Banneret Home Solutions
October 2025 Market Update

A Shifting Season in the North Sound

As the leaves begin to turn, so too is the North Sound housing market. After several years of historically low inventory, we’re finally seeing more homes available across Snohomish, Skagit, Island, and Whatcom Counties. While we’re still below a fully balanced market, the increase in listings is bringing a noticeable change in buyer and seller dynamics this fall.

Inventory Snapshot: More Homes, More Choice

According to the latest NWMLS September 2025 report, total active listings across the region climbed to just over 20,000 homes — a meaningful rise compared to last year.

Here’s a closer look at what’s happening in the North Sound counties:

(Data: NWMLS, FRED, local broker reports – September 2025)

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What’s Driving the Change?

Several factors are contributing to this shift:
• Higher mortgage rates have cooled some buyer demand, leading to a slower pace of sales.
• More homeowners are listing before winter, especially those who waited out the competitive spring and summer markets.
• New construction in parts of Snohomish and Whatcom Counties is adding modest but welcome supply.
• Seasonal patterns are also at play — early fall traditionally sees a small bump in listings before things slow for the holidays.

What This Means for Buyers

For the first time in a while, buyers can take a breath. With more homes to choose from and longer days on market, there’s less pressure to make split-second decisions.

• You may find more negotiating power, especially on homes that have been listed for several weeks.
• Rate buydowns and closing cost credits are making a comeback — don’t hesitate to ask about incentives.
• It’s still smart to be pre-approved and ready to act when the right home appears. The best-priced, best-presented homes continue to move fast.

And for Sellers

More inventory means more competition — but also more serious buyers. As the market normalizes, pricing and presentation matter more than ever.

• Homes that show well and are priced right still sell quickly.
• Staging, updated photography, and curb appeal go a long way in helping your listing stand out.
• Consider offering a credit toward a buyer’s rate buy-down — this small incentive can attract attention in a more selective market.

Looking Ahead

As we head toward winter, expect inventory to dip slightly (as it often does seasonally), but remain above 2022–2023 lows. Watch for interest rate trends and local job growth — both will play a big role in shaping how the early 2026 market unfolds.

The North Sound market is slowly balancing, offering a window of opportunity for both buyers and sellers. Whether you’re planning to list before the holidays or thinking about a spring move, this fall is an ideal time to start the conversation.

In Summary

•  Inventory is rising across the North Sound, giving buyers more options.

•  Snohomish remains active but not as frantic.

•  Whatcom and Island are trending toward balance.

•  Sellers need to focus on pricing strategy and presentation.

•  Buyers should take advantage of increased leverage and creative financing offers.

Thinking about making a move?
Whether you’re buying your first home or selling a long-loved property, now’s the time to plan your next step.
Reach out today for a personalized market analysis or neighborhood-specific report for your area.