Seattle Real Estate Market Update: Latest Trends and Analysis (March 2023)
The Seattle Real Estate Market in March 2023 is showing signs of increased activity and competition, particularly for well-prepared properties. Since the start of the year, available homes have been on the decline, leading to multiple offers becoming more common than not. This trend is being driven by a surge of buyers who are taking advantage of the pullback in pricing experienced in the 4th quarter of 2022. The interest rates have remained steady at around 6% for the past 60-90 days, making it an excellent time for buyers to enter the market. Furthermore, with inflation falling, it is expected that the market will continue to improve, with the exception of availability. The demand for move-in ready homes is still high, and sellers must ensure their properties are up to par to get top dollar.