EVERETT – House buyers enjoyed an edge in August with inventory up and the number of buyers staying flat, according to new data compiled by real estate broker, Brandice Raybourne.
Everett had 489 homes for sale in August, 46.4% more than one year earlier.
Raybourne has been crunching the monthly data on residential real estate sales in the city for the last five years and tells the EverettPost.com, “I love looking at how many buyers actually walked these properties before they went under contract. That’s an important number. You could potentially see about 12 buyers walking your property before it goes under contract.”
Subsequently, the Coldwell Banker Danforth broker says buyers had far more choices, but Everett still closed almost the same number of homes. Pending sales slipped to 134, while closings stayed steady at 132. Median sales price slipped to $582,500 down 15.1% from August 2025 at $685,928.
“Inventory is up a lot,” Raybourne found, “just from this time this year versus this time last year, but there’s not the amount of buyers–we still have the same amount of buyers walking property before they go under contract,” so buyers could compare more choices and wait for the one that made sense.
The market split sharply by segment. Residential resale held up well, homes below $600,000 stayed active, and the $950,000 to $1,149,999 range produced strong results from a small group of sales. Condos, townhomes, and the $750,000 to $949,999 range gave buyers more leverage.
Raybourne says price was the name of the game in August with lower priced properties getting more attention from buyers, “I think it’s affordability,” she says about the propensity of transactions in that price range. “New construction can be quite expensive, and that’s why the under $600 000 in Everett resale is consistently doing well. It’s still affordable, it’s still reachable. It’s still not absolutely completely, ridiculously expensive to buy a house, even with high interest rates.”
Below $600,000 remained Everett’s largest and most dependable resale buyer pool, Raybourne cites from the sales data.
- The $600,000 to $749,999 range moved quickly once the right buyer chose a home, but it took about 11 showings to get there.
- The $750,000 to $949,999 range had the most obvious pressure, with more inventory, fewer sales, 36 days to contract, and sellers receiving 4.9% less than original asking.
- The $950,000 to $1,149,999 range produced strong results from only five closings. Above $1.15 million, only one home closed, so one sale cannot describe the whole range.
Sale prices over listing trended toward a few neighborhoods, Raybourne reports, “Pinehurst, Silver Lake and some of the historical areas (Rucker-Grand, Norton-Grand, and Riverside). And I don’t think they were huge over-asking. I think they’re probably between like two and six percent over list price, which is really great for the seller.”
New construction also drew more pending buyers, but only nine homes closed and the mix of those sales, according Raybourne, pulled the median price much lower. Condos took 32 days and townhomes took 42 days, giving buyers more negotiating room in both segments.
The typical home needed about six buyer showings before going pending. Successful sales took 17 days, seven days faster than last year, but the middle seller received 1.3% less than original asking. Fifty listings failed to sell, including 29 canceled and 21 expired listings another 31 active listings reduced their prices during that same period.