The Spring Real Estate Market: Opportunities and Challenges for Buyers

Spring Housing Market Update

The spring season has brought a surge in new listings in the Seattle area, providing buyers with more options.

Challenges for Buyers

• Low supply: Buyers continue to face a shortage of available homes, leading to fierce competition.
• High prices: The increasing prices of homes pose affordability concerns for potential buyers.
• High interest rates: The rise in interest rates adds financial pressure on buyers seeking mortgages.

In summary, while there is a slight increase in housing inventory, buyers are still grappling with the challenges of low supply, high prices, and interest rates.