Here’s the good news if you’re looking to buy a home: Seattle’s formerly bonkers real estate market, where closing on a property felt like winning the Olympics, is no more. Now the bad: You can’t necessarily tell by looking at the latest housing market data.
Yes, inventory is up and rents are down, but according to November’s numbers from the Northwest Multiple Listing Service, only one neighborhood in Seattle saw a year-over-year price drop. Fall and winter are traditionally slower months in terms of real estate activity, but that might mean formerly sidelined buyers are finally taking the plunge.
Rising 5. SoDo and Beacon Hill
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