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THE QUESTION I HEAR IN EVERY MARKET CYCLE

Is Now a Good Time to Buy a Home?

It can be, when you know what to look for.

Know the market, your strengths and your options. An experienced lender and Realtor can help you build a plan for a home and payment that fit your life.

See the local picture
LANCE’S PERSPECTIVE

My job is to help you understand the numbers, spot opportunities, and make a decision you feel good about.

For 25 years, I’ve helped buyers work through barriers to homeownership. Clear explanations and transparent costs put you in control. Knowledge is power.

As rates rose after the pandemic, I chose wholesale lending to better adapt to each transaction. I can match the lender and strategy to your opportunity: a fast, lender-confirmed closing when speed matters, or time to compare competitive terms when your schedule allows.

Lance Morgan · NMLS #742281 · Senior Loan Officer
25 years of mortgage experience · Market context reviewed October 23, 2026

A DATED SNAPSHOT, NOT A FORECAST

More choices. More to consider.

Last reviewed . Reviewed weekly; reporting periods vary by source.

Compare the property type and neighborhood you’re considering. County prices and time on market are useful context, not a value estimate or a promise about your purchase.

Reviewed October 23, 2026. County price and time-on-market figures remain September 2026 closed sales. The price-reduction and seller-concession figures retain the earlier reporting periods shown; newer comparable local figures were not verified in this review.

Homes and condos, side by side.

NWMLS-reported closed sales · September 2026

King County

Homes (NWMLS residential)

Median sale price$949,975
Average sale price
$1,209,871
Average time on market
35 days

-0.7% median price and +3 days average time on market versus September 2025.

Compare last year and July–September
Matched September and three recent complete months
MonthMedian priceAverage priceAverage timeSupply*
2025-09$957,000$1,244,06032 days2.76 months
2026-07$995,000$1,247,03828 days3.34 months
2026-08$920,000$1,201,09334 days3.61 months
2026-09$949,975$1,209,87135 days4.10 months

*Supply is calculated from month-end active listings divided by that month’s closed sales, rounded to two decimals. Monthly values vary with the mix of homes sold.

NWMLS sources: 2026-07 · 2026-08 · 2026-09. The September report includes the prior-year comparison.

NWMLS county report →
King County

Condos

Median sale price$496,000
Average sale price
$633,087
Average time on market
59 days

-6.0% median price and +11 days average time on market versus September 2025.

Compare last year and July–September
Matched September and three recent complete months
MonthMedian priceAverage priceAverage timeSupply*
2025-09$527,500$668,10048 days4.40 months
2026-07$519,975$674,72248 days5.91 months
2026-08$515,000$634,60254 days7.25 months
2026-09$496,000$633,08759 days7.05 months

*Supply is calculated from month-end active listings divided by that month’s closed sales, rounded to two decimals. Monthly values vary with the mix of homes sold.

NWMLS sources: 2026-07 · 2026-08 · 2026-09. The September report includes the prior-year comparison.

NWMLS county report →
Snohomish County

Homes (NWMLS residential)

Median sale price$750,000
Average sale price
$874,824
Average time on market
38 days

0.0% median price and +3 days average time on market versus September 2025.

Compare last year and July–September
Matched September and three recent complete months
MonthMedian priceAverage priceAverage timeSupply*
2025-09$750,000$863,21335 days2.33 months
2026-07$757,250$858,08331 days2.88 months
2026-08$769,000$848,96433 days3.59 months
2026-09$750,000$874,82438 days3.70 months

*Supply is calculated from month-end active listings divided by that month’s closed sales, rounded to two decimals. Monthly values vary with the mix of homes sold.

NWMLS sources: 2026-07 · 2026-08 · 2026-09. The September report includes the prior-year comparison.

NWMLS county report →
Snohomish County

Condos

Median sale price$489,950
Average sale price
$552,033
Average time on market
48 days

+1.5% median price and 0 days average time on market versus September 2025.

Compare last year and July–September
Matched September and three recent complete months
MonthMedian priceAverage priceAverage timeSupply*
2025-09$482,500$553,87448 days2.90 months
2026-07$500,000$566,45440 days3.66 months
2026-08$532,450$584,30143 days3.87 months
2026-09$489,950$552,03348 days4.59 months

*Supply is calculated from month-end active listings divided by that month’s closed sales, rounded to two decimals. Monthly values vary with the mix of homes sold.

NWMLS sources: 2026-07 · 2026-08 · 2026-09. The September report includes the prior-year comparison.

NWMLS county report →

Time on market runs from listing to a signed purchase agreement, among transactions reported sold that month. It is not the time until closing.

What do median, average and residential mean?

Median is the middle sale price. Average is total sales volume divided by the number of sales, so higher-priced homes can pull it upward. “Homes” follows NWMLS’s residential category, separate from condos; it is not a verified detached-only subset.

Average time on market is the mean from listing date to the date all parties signed a purchase and sale agreement. The monthly closed-sales report uses the date the listing’s status changed to Sold. Read the NWMLS definitions.

Sources: NWMLS King County and Snohomish County September 2026 reports, pages 13 and 15. Reports run October 1; monthly release published October 6, 2026.

Signs worth discussing with your team.

Snohomish County · Supply3.85 months

Homes and condos available in September 2026.

King County · Supply4.70 months

Homes and condos available in September 2026.

Seattle metro · Price reductions24.3%

Active sellers who cut asking prices. Four weeks ending September 20, 2026.

Seattle metro · Seller concessions48.5%

Sales with concessions in Redfin’s buyer-agent sample. Three months ending August 31, 2026.

Supply: NWMLS, October 6, 2026. Price reductions: Redfin, September 30, 2026. Concessions: Redfin, September 18, 2026.

Read the periods and limits behind these numbers

Months of supply compares month-end active listings with that month’s closed sales. It is not a prediction of how long a particular home will take to sell. The price-reduction share counts sellers who reduced an asking price, not the size of a discount.

The concessions figure covers sales reported by Redfin buyers’ agents, not every Seattle-area sale. It uses a rolling three-month period, not a weekly measure. Concessions can include help with eligible closing costs, repairs or rate buydowns; price reductions are excluded. This share was lower than a year earlier.

These measures cover different periods and populations. They cannot be added together or treated as a current offer from any seller.

More choice, longer marketing time or a price reduction can open a useful conversation. Review comparable homes and the property’s condition with your Realtor, then compare financing and any usable seller credit with your lender. None of these numbers guarantees a bargain.

THREE COMPLETE YEARS OF CONTEXT

Does the season make a difference?

Compare the same months across 2023, 2024 and 2025. Patterns can help frame a conversation, but they do not identify a guaranteed best month to buy.

Data provided by Redfin, a national real estate brokerage. These monthly observations are not seasonally adjusted.

King County · Single-family homes · Median sale price · January–December, 2023–2025

202320242025
$800k$900k$1000k$1100k$1200kJanFebMarAprMayJunJulAugSepOctNovDec$800k$900k$1000k$1100k$1200kJanMarMayJulSepDec
These are historical county-level observations, not a forecast or a measure of an individual property’s value.

This chart uses Redfin’s property categories and median days on market. The snapshot above uses NWMLS categories and average time on market. Their coverage and calculations differ; do not splice or treat the values as interchangeable.

See the selected data and definitions
Monthly values for King County, WA · Single Family Residential
MonthMedian sale priceMedian days on marketMonths of supply
2023-01$819,000391.90
2023-02$840,000231.10
2023-03$910,00081.10
2023-04$912,50061.10
2023-05$975,50061.00
2023-06$975,00061.00
2023-07$925,00071.30
2023-08$959,50071.30
2023-09$925,000101.50
2023-10$900,00081.50
2023-11$910,000121.30
2023-12$899,999221.10
2024-01$880,000251.40
2024-02$1,015,00061.20
2024-03$1,019,95051.00
2024-04$1,045,00050.90
2024-05$1,100,00051.20
2024-06$1,022,99861.40
2024-07$1,050,00071.40
2024-08$1,021,00081.50
2024-09$1,010,000111.90
2024-10$998,68891.30
2024-11$979,950161.20
2024-12$935,100221.10
2025-01$899,580231.70
2025-02$995,95061.30
2025-03$1,076,50061.30
2025-04$1,125,00051.50
2025-05$1,050,00062.00
2025-06$1,075,00071.80
2025-07$1,050,000102.00
2025-08$1,038,400152.10
2025-09$1,030,000192.20
2025-10$1,050,000141.80
2025-11$950,000221.90
2025-12$949,995351.40

Median sale price is the middle price among homes that closed in the month; changes also reflect the mix of homes sold. Median days on market is the middle listing-to-contract duration for homes entering contract that month, excluding listings on the market more than one year. It is not time to closing. Redfin’s months of supply is its source-reported inventory-to-sales-pace measure, assuming no additional listings.

Redfin’s “Single Family Residential” and “Condo/Co-op” are separate categories; townhouses and multifamily homes are not included in these selections. All chart observations are marked not seasonally adjusted in the source download.

Source: Redfin Data Center Download Hub · Metric definitions and methodology. Source updated October 7, 2026; reviewed October 16, 2026. Download all four historical series (CSV).

LOOK BEYOND THE ASKING PRICE

Three conversations worth having.

The purchase price

Look at comparable sales, condition and listing history. An older listing or a price reduction can open a conversation; it doesn’t prove the home is underpriced.

Cash needed to close

Compare a price reduction with a seller credit toward eligible closing costs. I’ll help you and your agent size the credit around your loan’s limits and actual costs.

The terms of your offer

Clear financing and a realistic closing date can strengthen an offer. Discuss inspection, appraisal and financing protections with your agent before you commit.

Ask what each option changes: your payment, upfront cash and total cost. Seller agreement and lender approval are still required.

Compare price reductions, seller credits and buydowns →
THE RIGHT OPPORTUNITY HAS TO FIT YOU

A comfortable payment comes first.

  • Look at the full monthly cost. Include taxes, insurance, any mortgage insurance and HOA dues, plus a realistic allowance for maintenance.
  • Keep money available after closing. Plan for moving costs, repairs and unexpected expenses alongside your down payment and closing costs.
  • Think beyond this season. Consider job stability, how long you expect to stay and the costs of a future sale.
  • Make the current loan work. Future refinancing or appreciation may not happen. Your plan should stand on today’s payment and terms.

Waiting can be the right choice if buying would leave you stretched or without a financial cushion. Understanding that now is useful progress.

The calculator is an ungated planning tool. Results are estimates, not a loan offer.

FIRST HOME OR ANOTHER CHAPTER

Your goals shape the plan.

Buying your first home?

Start with the payment, cash needed and a clear picture of your documents.

Open the mortgage checklist →

Moving up or downsizing?

Review how your current home, sale proceeds and next purchase fit together.

Explore Buy Before You Sell →

Prefer to improve the home you have?

Compare staying and renovating with the cost of moving. Home-equity borrowing adds debt secured by your home.

Understand the home-equity option →
KNOWLEDGE FIRST. A CONVERSATION WHEN YOU’RE READY.

You don’t have to figure this out alone.

Over 25 years in mortgages, I’ve worked through different markets and helped people make sense of their options. I’ll break down the tradeoffs, compare financing and help you see where there may be an opportunity to save.

Whether we’re meeting for the first time or you’re coming back for another move, you deserve the same care, clear answers and attention to the details.

COMMON QUESTIONS

Get clear before you decide.

Should I wait for mortgage rates to fall?

No one can promise where rates will go. Compare buying and waiting using a payment you can sustain, your cash reserves and your plans. Treat a future refinance as a possibility, not the reason the purchase works.

Can I ask the seller to help with closing costs?

Yes, you can ask. Whether a credit is available and useful depends on the seller, the contract, your loan program and eligible costs. Compare it with other offer options before deciding.

Does a buyer-friendly market mean every home is negotiable?

No. A well-priced home can still attract competition. County and metro statistics give context; the specific property and current comparable sales guide the offer.

Sources, dates and how to use this guide

Market context reviewed October 23, 2026. Figures describe the periods and areas shown above; conditions may change. The practical interpretation is Lance’s guidance, not a market forecast.

Educational guidance, not a recommendation that everyone should buy now. Loan availability, credits and terms depend on your circumstances, property, program requirements and underwriting. Buying or borrowing against a home carries costs and risks; failure to repay a home-secured loan can lead to foreclosure. No approval, savings, appreciation or future refinance is guaranteed.

CLIENT EXPERIENCES

Five-star experiences, in our clients’ words.

★★★★★
“Lance is extremely knowledgeable, transparent, straightforward and patient.”
Joon P. · YelpAugust 15, 2023 · Excerpt
★★★★★
“Lance made the process easy breezy.”
Kara Joy · ZillowDecember 13, 2021 · Excerpt
Read more client reviews ↗

LEVERAGE YOUR QUALIFICATIONS

Put your strong qualifications to work.

Do you have excellent credit? Are your funds liquid? Are you prepared to close quickly?

I’ll help you see how a well-prepared offer and a faster closing could create negotiating leverage and opportunities to save.

I specialize in 8–14-day closings. Timing depends on your qualifications, documents, property and lender requirements. Seller agreement is needed for any negotiated savings.

See what a fast closing takes →

FOLLOW YOUR CURIOSITY

Make the next question more personal.

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