Cascade currently leans toward sellers, with the local market gauge reading in seller’s territory despite some signs of softening. Months of supply sits at 5.4 in this rolling three-month view, much higher than Seattle’s 2.8, giving buyers more options locally than in the broader city. At the same time, homes are still moving, with half going off the market within two weeks.
Home values in Cascade have climbed over the past year, with the typical home value up more than 13 percent year over year in this rolling three-month period. Listing activity has expanded as well, with active listings up about 18 percent and new listings rising roughly 13 percent from a year ago, creating a deeper pool of choices for buyers. Sales volume is also higher, as homes sold increased more than 14 percent year over year, while pending sales posted a more modest gain.
Time on market has lengthened significantly compared with a year ago, with the median days on market up sharply even as the average sale-to-list price ratio has edged down to just under 98 percent. Only about 13 percent of homes sold above list price in this period and that share is slightly lower than a year earlier, suggesting buyers have regained some negotiating power even in a seller-leaning environment. Whether you are a buyer trying to interpret these shifting dynamics or a seller aiming to price strategically, Agent Pronto can connect you with a Cascade real estate agent who understands this market.
