Is the Snohomish Real Estate Market Crash Still Coming?
If you’ve been waiting for the Snohomish real estate market crash to finally happen... you’re not alone. With higher interest rates and nonstop headlines about a slowing housing market, many buyers and sellers are wondering when home prices will finally take a dip.
But here’s the truth most media outlets won’t tell you — a market crash isn’t happening in Snohomish County. In fact, home prices are still rising.
Why Prices Are Holding Steady (or Going Up)
One of the biggest reasons the Snohomish real estate market crash hasn't materialized is inventory. Right now, we only have about 1.3 months of housing supply in the market. A balanced market typically requires 4–6 months of inventory. That means demand is still outpacing supply — and when that happens, prices don’t fall, they stay strong or even increase.
Last month alone, the average home price in Snohomish County rose by 3.9%, reaching an average of $884,000.
So if you're waiting for prices to crash, you may be waiting a long time — and potentially missing out on growing your equity while you wait.
What’s Really Causing the Low Inventory?
There are a few key reasons:
Homeowners are locked into low mortgage rates and don’t want to sell.
New construction isn’t keeping up with population growth.
Buyers are still entering the market, especially those relocating from higher-priced areas like Seattle.
All of these factors are keeping inventory low — and as long as that’s the case, there’s little chance of a real “crash.”
What Should You Do Instead?
Rather than trying to “time the market,” it’s smarter to:
Understand local data trends in Snohomish County
Get clear on your financing and budget
Work with a real estate expert who can guide you based on strategy, not hype
We’ve helped countless clients make smart real estate moves in this market — including buyers who built six figures in equity just by getting in early, instead of waiting for a crash that never came.
Final Thoughts
The idea of a Snohomish real estate market crash might be grabbing headlines, but it’s not backed by what we’re seeing on the ground. If you're thinking of buying or selling, now is the time to work with someone who knows how to navigate the current market dynamics — not someone guessing at what might happen next.
📅 Want clarity on your real estate goals? Schedule a free consultation today, and we’ll help you figure out your next best move — with no pressure, just honest advice.