Hi Friends,
Big changes are stirring in Seattle’s real estate scene this May—and whether you’re buying, selling, or just keeping an eye on the market, you’ll want to stay informed.
📈 Inventory is Up
Home listings have surged by 47%, giving buyers more options and putting pressure on sellers to stand out.
💰 Sellers Are Offering More
A record 71% of sellers are now offering incentives like mortgage rate buy-downs and help with closing costs—almost double last year’s number!
🏠 Prices Hold Steady
The average home price is around $946,000, but nearly half of homes are selling below asking—great news for savvy buyers.
📜 New Rent Control Law
Governor Ferguson just signed a bill capping rent hikes to a max of 10% per year. This could bring more stability for renters and reshape investment strategies.
📩 I hope you find emails like this helpful, I am all about giving back to my community.
🏡 Are you thinking about selling your house or buying a new one?
👇 Schedule some time on my calendar to talk more! Looking forward to it!
Much love,
Emily