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One of the biggest things buyers are asking for right now is greater affordability. After several years of rapid price growth and higher interest rates, people want to see conditions that make homeownership feel within reach again.
Fortunately, we’re starting to see signs that the market is adjusting.
🏡 Prices Are Moderating Locally
Here in the Puget Sound region, home prices are moving at a much steadier pace compared to the double-digit spikes we saw in previous years.
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In Snohomish County, single family homes rose about 3.3%, while condos dipped around 1.4%
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In King County, single family homes rose about 2.6%, while condos rose about 5.1%
These numbers show that while homes are still appreciating, the gains are more modest and manageable. It’s also clear that the condo market looks very different in each county, with Snohomish seeing a softening and King County showing renewed strength.
📉 Rates Are Offering Relief
Mortgage rates have also pulled back from their highest levels. Even small improvements in rates, when paired with more moderate price growth, can make a noticeable difference in monthly payments and overall affordability.
For many buyers, this is creating a window of opportunity that simply wasn’t available last year.
Why This Matters
Every market shift impacts buyers and sellers differently. Slower growth and easing rates don’t mean prices are falling, but they do mean the pace is more sustainable. For buyers who’ve been waiting on the sidelines, this can be the opening they’ve been hoping for. For sellers, it’s still a strong market — just one where accurate pricing and presentation are more important than ever.
Bottom Line
Locally, Snohomish and King Counties are showing steadier growth with some clear differences between single family homes and condos. If you’re considering a move, now is a great time to review your options. I’d be happy to share the latest numbers in your neighborhood and help you take the next step with confidence.
