3 Reasons Home Affordability Is Improving in Seattle (Finally!)

For the past few years, buying a home in Seattle has felt nearly impossible. Prices soared during COVID, mortgage rates hit record highs in 2022, and many buyers simply tapped out.

But here’s the good news: buyer affordability is improving this fall — and there are three big reasons why.

🏡 1️⃣ Mortgage Rates Are Dropping:
Rates have come down from around 7% in May to closer to 6.3%, and some buyers are even locking in the 5% range on adjustable loans. That can save nearly $200/month on a $400K mortgage.

💰 2️⃣ Home Price Growth Has Cooled:
We’re no longer seeing those double-digit price jumps every year. The market has softened, giving buyers more breathing room — and even a chance to negotiate.

📈 3️⃣ Wages Are Rising:
For the first time in a while, wages are increasing faster than home prices, helping close the affordability gap.

✨ The bottom line:
Buying a home in the Seattle area is still a stretch — but it’s more doable than it’s been in years. If you’ve been waiting for the right time, this might be your window.

💬 Message me today, and let’s run your numbers to see if this fall could be your time to buy.

📅 Ready to talk through your situation? Grab a time here:
https://calendar.google.com/calendar/u/0/appointments/schedules/AcZssZ29pYwykagzJDfhDUPFGl76YRD7zR39zEjIIsbF_WEGdUl-hk5kzPWnucudxSBmuc_ywXH_rRur
.
.
🏢 Emily Cressey, Realtor
Keller Williams Greater Seattle
(Each Office Independently Owned and Operated)
💻 HomeProAssociates.com
📱 (206) 245-8813