Seattle Real Estate Market: Prices, Trends & Forecasts 2022
Seattle Real Estate Market: Prices, Trends & Forecasts 2022
Abstract
Seattle home prices have been on the decline since the second quarter of this year. As competition over each listing subsides, sellers lose their power int he makes and are typically forced to drop asking prices. The difference may suggest Seattle is slightly ahead of the curve and prices peaked earlier. Seattle’s foreclosure distribution remains on the low end of the spectrum, but it is expected to increase. It is too soon to tell how many foreclosures in the coming months. The growing threat of a recession and inflation suggest more is on the horizon... to be on the way.. and more are on the verge of a downturns, but the growing threat to a Recession and inflation suggests more are in the near future. The divergence is most likely.