Inventory Growth & Current Market Pace: Active listings remain historically high for these zip codes, with over 130 homes available at year-end 2025. Months of inventory jumped to 5.4 in January 2026, well above the 3–4-month range seen most of the previous year, indicating a substantial shift toward a stronger buyer’s market.

Listing & Closing Activity Movement: New listing numbers peaked in the spring and early summer of 2025 then declined through year-end, with just 38 new listings and 39 closings in December 2025, mirroring normal seasonal slowdowns.

Pricing Trends: Median prices for new and active listings held near $800,000 most of 2025 but saw a slight drop in December 2025 ($679,990 for new listings, $650,000 for closed sales. This decline reflects typical seasonal lag in median pricing.

Market Velocity & Buyer Leverage: Average days on market dropped slightly at the end of the year (just 36 days in Stanwood and 54 on Camano Island, down from 50–75 most of 2025). This suggests recent closings either involved listings that have been on the market for an extended period or more aggressive pricing. The absorption rate has dropped to just 32%, confirming reduced demand relative to available supply.

Back-to-List Ratios: The closed-to-list price ratio slipped beneath 98% at year-end, down from near-100% highs mid-year, indicating less frequent bidding over list and greater negotiating room for buyers.

Year-on-Year Comparison: 2025 had higher new listings and sales volume compared to 2024. However, the market balance has shifted, with inventory dropping as it typically does in the 4^th quarter, leading to sales slowing entering 2026.