Not a single Everett home priced above $1.15 million attracted an accepted offer in September 2026.
That zero sat at the top of broker Brandice Raybourn's monthly market report while the rest of the city's housing market kept moving. Homes under $750,000 drew steady buyer interest, and some sold above asking price.
Raybourn, who compiles Everett-specific data from Northwest Multiple Listing Service (NWMLS) records, reported Oct. 3 that 534 homes were for sale in September 2026, up 22.5% from 436 a year earlier. But closings fell to 111, down 26.5% from 151 in September 2025. The median sale price dropped to $575,000, down 6.5% from $615,000 a year ago.
The split showed up starkly by price tier. In the under-$600,000 range, 21 homes went under contract at a median pace of eight days. Sellers in that bracket received 99.1% of their original asking price. The $600,000-to-$749,999 range posted the most closings of any segment: 24 completed sales, up 33.3% from a year earlier, at a median price of $680,000.
Above that line, momentum faded. The $750,000-to-$949,999 range saw only nine new pending sales, down 43.8% from September 2025, though the 12 homes that did close fetched a full 100% of asking. In the $950,000-to-$1.149 million range, just one home closed. It took 33 days to find a buyer and sold at 96.7% of asking.
Then came the top tier. Sixteen resale homes sat listed at $1.15 million or above. None went pending. None closed.
"Buyers are still here … they are taking more time to decide where their money makes sense," Raybourn told the Everett Post.
Rising mortgage rates added pressure across all price points. The 30-year fixed rate reached 7.28% as of Oct. 1, up from 7.03% the prior week and 6.34% a year earlier, according to Freddie Mac data cited in Raybourn's report.
The broader region mirrored the slowdown. Across the NWMLS 27-county service area, closed sales fell 8.9% year-over-year to 5,623, the lowest September total since at least 2014, 425 Business reported. Snohomish County's active listings jumped 44.2%. Steven Bourassa, director of the Washington Center for Real Estate Research, said months of inventory had risen from 2.8 in March to 4.4 in September.
Back in Everett, 65 listings were canceled or expired during the month: 47 cancellations and 18 expirations. More than 90 active homes had been on the market longer than three months.
Three neighborhoods posted September sales above final asking price. A Silver Lake home listed at $699,000 sold for $875,000, clearing its asking price by $176,000. An Eastmont home listed at $559,950 closed at $569,950. A View Ridge home originally listed at $749,950 was reduced to $724,900 and sold at $735,000.
