If you’re a homeowner in the Seattle area housing market, you may be wondering if now is really the time to make a move—especially with mortgage rates higher than we’ve seen in recent years. But despite those rates, more and more sellers are making the move. Why?
Real estate decisions are about more than just rates.
Sure, interest rates are part of the equation—but they’re not the only thing that motivates a homeowner to sell. As Keeping Current Matters points out:
“While mortgage rates are still elevated compared to where they were a couple of years ago, that isn’t stopping homeowners from selling their houses. Some just can’t put their plans on hold any longer.”
Whether it’s a new job, growing family, retirement, or lifestyle change, many local homeowners in areas like Lynnwood and Edmonds are deciding that the cost of waiting outweighs the cost of higher monthly payments.
Equity gives sellers flexibility.
If you’ve owned your home for several years, chances are you’ve built up a healthy amount of equity. That equity can be a powerful tool—whether you’re downsizing, moving closer to family, or looking for more space.
In the Lynnwood real estate market and surrounding areas, we’ve seen strong price appreciation over the past few years. That means many homeowners are in a great position to use their equity toward their next down payment—reducing the impact of today’s higher rates.
More choices are coming to market.
One major concern for sellers thinking about buying again is inventory. But the good news? We’re finally seeing more homes for sale in Edmonds, Lynnwood, and throughout the Seattle suburbs.
If you’ve been waiting for the right time to list, this might be it. Increased inventory means more options on the buying side and more interest from buyers who have been starved for selection.
Bottom Line
If personal or financial goals are prompting you to consider a move, don’t let today’s rates hold you back. As a trusted local expert, I can help you run the numbers, assess your equity, and decide if now’s the time to list your home—or find the next one.
📍Thinking of buying or selling in Lynnwood, Edmonds, or the Seattle metro area? Let’s connect. I’m here to help you make a smart move.