Seattle’s Market Makeover: Buyers, It’s Your Time to Shine!
Seattle’s housing market is shifting. With tech layoffs, persistently high mortgage rates, and a surge in inventory, buyers are finally starting to gain leverage. Let’s look at what’s changing in King and Snohomish counties and what it means for both buyers and sellers.
The Tech Layoff Effect on Housing Demand
Seattle’s real estate boom was fueled by tech growth, but job cuts are reshaping demand. Career transitions and relocations have created breathing room for buyers, especially those who are ready with financing.
Interest Rates: Relief May Be Coming Soon
Mortgage rates remain high, squeezing affordability. But the Fed is widely expected to cut rates multiple times before the end of 2025. The most likely path includes a 25-basis-point cut in September, with potentially two or three more by December depending on economic data.
This could create a sweet spot: more homes on the market paired with better financing options for buyers.
Inventory Growth in King and Snohomish Counties
More listings mean broader choice and time to evaluate. For context, a balanced market typically has 4 to 6 months of inventory. Seattle and the surrounding counties are still below that, but trending toward greater balance.
King County: Active listings rose to 8,333 in July 2025, up from 5,504 in March.
Snohomish County: Inventory climbed to 2,706 in July 2025, up from 1,778 in March.
With homes staying on the market longer, buyers have more space for negotiation.
Why Buyers Have More Leverage in 2025
Longer days on market allow for strategic offers rather than rushed decisions. More sellers are also offering incentives: in early 2025, 71% of Seattle-area sellers offered concessions, up from just 36% the year before.
For buyers, this means a chance to negotiate repairs, closing costs, or credits that would have been off the table just a year ago.
Tips for Sellers in a Shifting Market
If you’re selling, it’s crucial to:
Price smart and stage sharply. You are competing for buyers’ attention.
Be open to incentives. Negotiation is no longer optional.
Highlight value quickly. Homes that are clean, well-presented, and move-in ready still sell fastest.
Conclusion: The Time to Act
Seattle’s real estate scene is clearly tilting in favor of buyers. Inventory growth, rate pressure, and employment shifts are changing the balance. Whether you are weighing a purchase or preparing to sell in King or Snohomish County, now may be one of the most opportune moments this year.
Reach out. I’d be glad to provide current market stats or explore options tailored to your goals.
