For the First Time in Five Years: Seattle, Bellevue & Kirkland Shift to a Buyer’s Market

If you’ve been following real estate in Seattle, Bellevue, or Kirkland, you know the market has been red-hot for years—homes selling in days, bidding wars, and sellers calling the shots. But for the first time in half a decade, things are changing. According to recent headlines in The Wall Street Journal, our local market is officially shifting into buyer’s territory. So, what does this mean for you?

What is a Buyer’s Market?
In a buyer’s market, there are more homes for sale than there are buyers. This gives buyers more choices, more negotiating power, and often, better prices. It’s a big change from the frenzied seller’s market we’ve gotten used to in the Puget Sound region.

Why Now? Signs of the Shift
Inventory is up. Homes are spending more time on the market. Sellers are starting to offer incentives and price reductions. The Wall Street Journal recently highlighted how even the most sought-after neighborhoods, like Bellevue and Kirkland, are seeing fewer bidding wars and more room for negotiation. For Seattle buyers who have been waiting on the sidelines, this is the moment you’ve been hoping for.

The Interest Rate Hurdle—And a Solution
One thing hasn’t changed: interest rates are still higher than what we saw a few years ago. This can make monthly payments feel daunting. But here’s the good news: with my network of trusted lenders, I can help you shop around and find the most competitive rates available. Even in a high-rate environment, the right connections can make all the difference.

Tips for Buyers

• Take your time—there’s less pressure to make snap decisions.
• Negotiate! From price to repairs to closing costs, you have more leverage now.
• Get pre-approved with a lender who understands today’s market.
• Work with a local expert who knows the neighborhoods inside and out.

Advice for Sellers

• Be realistic with pricing—homes are sitting longer, so price strategically.
• Consider offering incentives, like closing cost credits, to attract buyers.
• Stage your home to stand out in a more crowded market.

The Bottom Line
After five years of sellers ruling the roost, buyers finally have a window of opportunity in Seattle, Bellevue, and Kirkland. Whether you’re looking to buy or sell, I’m here to guide you through the changing landscape—and help you make the most of it.