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Seattle Housing Market Cooling | Seattle News
Seattle’s housing market is cooling just enough to give buyers breathing room—more homes on the market mean less competition and better negotiating power. But don’t get too comfortable: rising mortgage rates, fueled by inflation and higher oil prices, threaten to cool demand as fall and winter approach. While national sales jumped 7% year-over-year, affordability remains a hurdle—Seattle’s median home price hits $741K, requiring nearly $193K in annual income for a 20% down payment. With inventory up 17% from last year, now’s the time to prep your finances, boost your credit, and lock in your…
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