Spring Has Sprung—And So Has the Housing Market in Seattle!
Spring is in full swing, and the real estate market is picking up right along with it. If you’ve been wondering whether now is the right time to buy or sell, here’s your local scoop on why this season might be the perfect time to make your move.
1. More Homes Are Hitting the Market
After a long stretch of low inventory, we’re finally seeing more homes for sale across the Greater Seattle area. Nationally, active listings have jumped 27.5% compared to this time last year, and locally, we’re seeing more options in key neighborhoods like Kirkland, Bellevue, and Bothell.
🔹 For Buyers: More inventory means more choices—giving you a better chance of finding a home that fits your needs without the extreme bidding wars we’ve seen in past years.
🔹 For Sellers: While more homes are available, inventory is still below pre-pandemic levels, meaning demand is still strong. If you price your home right, you can attract serious buyers quickly.
2. Home Prices Are Moderating
While prices in the Seattle area remain strong, the pace of growth is slowing compared to last year. With more homes coming on the market, buyers have more negotiating power, which is keeping prices from skyrocketing. As Freddie Mac puts it:
“In 2025, we expect the pace of house price appreciation to moderate from the levels seen in 2024, while still maintaining a positive trajectory.”
🔹 For Buyers: This means home values are still rising, but not at the breakneck speed we saw in previous years—helping you build equity over time.
🔹 For Sellers: While homes are still appreciating, it’s important to price strategically. Overpricing in a more balanced market could lead to longer days on the market.
3. Mortgage Rates Are Stabilizing
After a couple of years of volatility, mortgage rates have steadied—and have even dipped slightly since the start of the year. This gives buyers more confidence in planning their purchases. As CoreLogic’s Chief Economist, Selma Hepp, says:
“With the spring homebuying season upon us, the recent improvements in mortgage rates may help invite homebuyers back into the market.”
🔹 For Buyers: More stable rates mean more predictability for your monthly payments. But rates can still fluctuate, so staying in touch with your lender is key.
🔹 For Sellers: Lower and steadier rates mean more buyers are re-entering the market—good news if you’re planning to sell this spring!
4. Buyer Activity Is Picking Up
With more homes available, slower price growth, and stabilizing rates, buyers are feeling more confident about jumping back in. The Mortgage Bankers Association (MBA) is already reporting an uptick in mortgage applications compared to earlier this year.
🔹 For Buyers: If you’re serious about buying, acting now before competition picks up could be a smart move.
🔹 For Sellers: More buyers in the market means a better chance of selling quickly—especially if your home is priced right.
Bottom Line
The spring market is shaping up to be an exciting one in the Greater Seattle area. Whether you’re thinking about buying or selling, let’s talk about the best strategy to meet your goals in this evolving market.
Ready to make a move? Let’s chat! 📩🏡
