08/06/2026
🌲🏡 August Housing Market Update: Snohomish & King County
Okay my PNW friends… the housing market is “finally catching its breath” and buyers and sellers both have reasons to smile right now. I can help you to successfully navigate this market and successfully market your home AND manage your purchase and sale contract!
I am a closer!
So… Buyers Market or Sellers Market?
Inventory is rising, prices are steady, and competition is calmer.
We’re sitting in a near‑balanced market that still leans slightly toward sellers, depending out your area — AND buyers finally have negotiating power again. It’s the kind of market where strategy matters more than speed. That's why you need me!
Mortgage Rates (Local Snapshot)
Snohomish & King County lenders are quoting:
• 5.88% to 6.00% for top‑tier buyers
• 6.18% APR average for Seattle metro
• FHA around 6.38% to 6.71%
• VA around 6.25% to 6.49%
Let's talk about interest rate buydowns. Call me today!
Credit unions are still beating the big banks, and rate buydowns are back on the table. Call me to discuss what a buy down is and how our team can help!
Down‑Payment Assistance You Can Use
Most homes in Snohomish and King County qualify for at least one of these:
• WSHFC Home Advantage: 3%, 4%, or 5% of your loan amount, 0% interest, no monthly payments
• House Key Opportunity: Up to 15,000 at 1% interest
• Needs‑Based DPA: Up to 10,000 at 1% interest
• Covenant Homeownership Program: Up to 150,000 or 20% of the purchase price, 0% interest
• ARCH (East King County): Up to 30,000 additional assistance
Washington has some of the strongest programs in the country right now. If you think you don’t qualify… you probably do.
Your Money Matters
If you’re looking for someone who knows this market inside and out and is committed to protecting your financial interests with skill, strategy, and integrity, I’m ready to help you move forward with confidence.
Contact me today!
Lorri Fowler, your PNW real estate advocate and Broker!
Let’s check your buying power, your DPA eligibility, or your home’s value in today’s shifting market.
Closing day in your new home never felt so good!