Seattle, WA Housing Market forecast for 2025

Home prices in Seattle, WA are up +4.6% over the last year, however, this price growth could slow in 2025 due to a big spike in inventory on the market.

The number of homes for sale in Seattle and the rest of Washington is up by almost 25% YoY, indicating more sellers on the market. Other markets such as Bremerton, Everett, and Tacoma have also experienced a large increase in supply.

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[ReventureApp]

Home prices are up +4.6% YoY in Seattle in 2024. However, that was due to an abnormally low inventory figure last year. Inventory is now up, and rising across Seattle and rest of Washington heading into 2025. What will that do to home prices over the next 12 months?

Watch this video to find out. And also go to www.reventure.app to access the Reventure Home Price Forecast for your ZIP code in Seattle and Washington more broadly.

[ericturn]

I am from Seattle area and just bought. The problem is, the actual quality of inventory. The data shows how many. Not the condition of the properties. There is nothing but junk everywhere. Sure if you want to buy a 30-50 year old home with 30 years of deferred maintenance, you are going to find a lot of inventory. If you want a nice liveable home, your options are so limited. The data doesn't show this fact. So all of the info is going to be skewed in the wrong direction. As these videos have shown across the nation for YEARS now. The data doesn't tell the whole story and that is why these videos have been wrong on predicting a crash for YEARS now.

[noneya]

This Seattle market is more complicated than a simple metric though. We have other factors such as the Airbnb crash (kitsap market implosion), Amazon / Google / Msft / mid-tech firms with return to office shadow layoffs, / Boeing crap airplane meltdown/layoffs, drop in Chinese cash buyers, lower returns for house flippers, massive over-building of overpriced box condos, and aging boomers all waiting to cash out at the peak before they move to Palm Springs. Its going to get messy up here…

[tinglemccringleberry]

Traffic is terrible, tax’s are through the roof, drugs are decriminalized so crime is high. A once moderate purple state is fully blue because of three counties. If you make a ton of money and have the personality of a gluten free vegan ham sandwich you’ll fit in beautifully.

[saulruiz]

Finally a WA video but honestly it’s shit out here a nice house on the outskirts is 700k plus talking marysville Arlington. Yet there is a homeless drug problem as many on the comments say the quality of the inventory is not there

[GillerHeston]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[phasmid]

My brother in law is a very higher up at MSFT, he told me tech jobs especially software engineers are going away FAST due to A.I. and over-supply. He's so convinced he dissuaded his own son to not major in computer science. Seattle area housing market is propped up pretty much by tech jobs so if those go away you're gonna see it affect the housing market negatively 😵‍💫

[westernwashingtonhistory]

may 2021 George Floyd died, the city dropped the ball and let chaos rein. People left. That's what it looks like to me. Then after the election, WA doubled down on taking our freedoms, people are leaving like they are from California. Have you seen the homeless drug addicts in Seattle? The open black market? Also they decriminalized misdemeanors, not good for keeping decent people.

[chrissimpson]

Finally!!! Seattle! I just purchased near Seattle. About 40 minutes outside of the city. Love your video. Houses are sitting, but prices don't seem to be budging.

[philly]

Seattle area has a big topography problem. There are mountains and water everywhere. People may not realize this. There is simply no room left for new housing. At the same time, the big tech companies are paying such ridiculous salaries, so there are always buyers lined up for those 3 bedroom $1M homes. It is quite simply a city for rich people now.

[Abdul-ntuk]

Literally asked for this video last week Nick and you delivered! Thank you!

[chemicalhalf]

Houses are really overpriced here. I look often. I would still have to pay 2-3x to buy as I would to rent. No thanks. I will continue to pay cheap rent (which hasn’t gone up in my unit for the 3rd year in a row) and invest tons of my income instead of wasting money on elevated insurance and property tax.

[brianseattle]

I own homes in Snohomish and King county...

1. No income tax in Washington State.

2. Lower property taxes as compared to other states. (E.g. CA, OR, TX)

3. There is a large number of high income earners in puget sound this pulls up the prices of housing.

4. If your living in the home ans dont plan on selling then the price dip doesn't matter in the long run.

5. If you want to buy a hme, dont wait.... As soon as you feel you can afford it, do it..

I was making $35k and the house was $269 @ 6.35% w/$20k down.

l thought I'd never pay off that house, I 2008 i was under water i buckled down and weathered the storm.

Life's not perfect nor easy, but if your willing to put in the work you can get the reward.

[kellyhoeft]

The correction in seattle in 2022 was due to all the tech layoffs. It spooked a lot of ppl for buying but then shot back up.

[SqueakyHinge]

Seattle and the Seattle area is best described as weird. Most of what might pertain to the rest of the state and country will not fit or apply to Seattle. Small zero lot town homes are going up by the dozens in neighborhoods across the area. And they are expensive for first time average working started homes. And a ton of apartment buildings are being built and coming on line now. Some are starting to bargain for rent credits for new tenants. Investors here don't invest in good properties based on a proper purchase price. Most "invest" on what they have experienced in yearly appreciation that has pretty much been true since the 70's - so the investors will pay unbelievable prices just to have rentals. And this has been true for years but not now. Pretty much Seattle and the Seattle area have two types of people now - very, very rich or just getting by. The average working citizen is pretty much gone. Still, Seattle has a reputation for having jobs, especially high paying tech jobs. And that is becoming less true as the months go by. From what I see not only will the rents fall down, which some already are, but the sales of home will slowly continue to fall with home sellers still hanging on to a false sense of value.

[fatfatthewaterrat]

Seattle is not in the same wage bracket as the rest of the state. Bad data point

[Den-efuy]

Please make a video about Tampa Florida or Denver Colorado housing market forecast 2025 🙏 Thanks

[nopunts]

Seattle is a realtors nightmare. Everyone is locked into their house, almost no one has moved out of my neighborhood in a year.

[danielking]

People move from California to seattle for a cheaper cost of living in hell.

[keithprice]

Damn, been feeling this way for a while. Thanks for shining some light on the situation.