The Seattle housing market in early 2025 offers both challenges and opportunities. Median home prices remain high due to strong demand and limited supply, with many homes selling quickly in competitive bidding situations.
Mortgage rates, around 7.1%, are affecting affordability, although they have dipped slightly. Inventory is gradually increasing, but new construction has slowed, favoring sellers in most areas.
Whether to buy depends on your financial readiness. If you can handle elevated rates and competitive conditions, now might be a good time to enter the market. Otherwise, waiting for more inventory or stabilized rates could be a better option.
