December Numbers, Stable and Steady

As of late 2024, Seattle's housing market is stabilizing, with the median home price around $750,000. Inventory remains tight, driving competition in areas like Ballard and Queen Anne. Higher mortgage rates (around 7%) are slowing demand. In West Seattle, prices are steady, while Burien offers more affordable options, attracting first-time buyers. Overall, the market is balanced with steady prices but slower sales.