Is Now a Good Time to Buy in Seattle? The Answer is Yes, and Here's Why
If you’re wondering if now is your time to buy–you're not alone. With shifting mortgage rates, rising inventory and pricces, and ongoing market adjustments, many buyers are hesitant, unsure if they should jump in now or wait.
But the truth is: Seattle is uniquely positioned as both a buyer’s and seller’s market right now.
Why It’s a Great Time for Buyers
More Inventory, More Options – Compared to last year, housing inventory is up 25-30%, giving buyers more choices and less pressure to make rushed decisions.
Sellers Are More Willing to Negotiate – With longer days on market, sellers are more flexible and there is more negotiating power. We are seeing things like price reductions, covering closing costs, or even providing mortgage rate buy-downs—something we haven’t seen in years.
Home Prices Are Stabilizing – While prices are still appreciating, the rapid spikes have cooled, meaning buyers can get in before the next wave of price increases. And remember, appreciation is exactly why home buying is such a powerful long-term asset.
Why It’s Still a Strong Market for Sellers
Home Values Remain High – Seattle’s market is known for steady appreciation, and while growth is more moderate than in past years, sellers are still getting strong returns.
The Demand Is Still There – Many buyers who sat on the sidelines in 2023 due to high interest rates are now returning, ready to purchase.
Lower Inventory in Key Neighborhoods – While overall inventory has risen, high-demand areas are seeing competitive bidding again. If your home is well-positioned, you can still attract motivated buyers. That’s where we come in with a strategy!
So, Should You Buy Now or Wait?
If you’re looking for more options, more negotiating power, and the ability to lock in a home before prices rise further, now is the time to buy. Interest rates fluctuate, but home prices will continue to rise in the long term—waiting could mean paying more later.
Seattle’s real estate market is all about strategy. Whether you’re buying, selling, or just exploring, we’re here to guide you through every step. Let’s chat about how to make this market work for you.
Ready to make a move? We are here for your real estate journey, whatever it may be.