▲ 147 r/SeattleAreaRE+1 crossposts

Local agent here — a lot of buyers are "waiting for the crash." Wanted to share what I'm actually seeing.

I work in real estate around the Seattle area, and lately a lot of my buyer conversations start the same way — "we're gonna wait for prices to drop first."

And I get it. The market's soft right now. Inventory's up, homes are sitting longer, plenty of sellers are frustrated. Going off the headlines, waiting feels like the safe move.

But a few things I'm seeing day to day make me think it's not that simple. For one, most sellers aren't actually slashing their list prices — what happens more is they'll quietly work with a serious buyer on the number once one shows up. So there are real deals out there, they're just not showing up as dramatic public price cuts.

The higher end is where it's softest. Anything over $3M has a ton of supply sitting right now, and a lot of those homes just don't move for months.

And on the whole "prices are gonna drop back to 10 years ago" thing — I can only go off what I've watched in this specific market, but it's tended to dip and then climb back to a new high rather than fully reset. Not saying that's a guarantee, just the pattern I've seen.

None of this means anyone should rush. If the finances or the timing aren't right, waiting's a totally reasonable call — everyone's situation is different.

Mostly I'm just curious how other people here are thinking about it. For anyone holding off — what's the signal you're waiting for before you'd feel okay jumping in?

reddit.com
u/Relevant-Brief-1905 — 3 days ago

Fair value on a home in the current market

There's a home on the market that we like. It's been on the market for over 90 days - even after multiple price reductions. The sellers reached out saying something like....make a reasonable offer & we will consider.

  • Comps older than a month ago aren't as relevant, IMO, as the market has softened more.
  • There are comparable listings that are active & haven't sold at 15% below the list price of the subject property.
  • Zillow value is about 8% lower than list price
  • RPR estimated value is 25% lower than list price (with a 2-star confidence rating)
  • My manual comp analysis based on sales in the past 3 months gave me a value that's 20% below list price
  • New round of tech layoffs has been announced & that's going to weaken the market even more.
  • EDIT: The tax assessed value is about 35% lower

I am not necessarily convinced that a realtor can come up with an analysis that's better than mine. Would a professional appraiser come up with a better analysis?

Given the above - what would be a fair/reasonable price to offer?

reddit.com
u/Unique_Edge6323 — 3 days ago
▲ 0 r/bothell+1 crossposts

How did you decide where to buy a house

Hi all.

When my family decided move from downtown Seattle to the Eastside, we spent three years looking — all the way from Snoqualmie to Snohomish — and still could barely decide where to land. There was so much to weigh, and even more we didn't realize we should've been weighing until later.

Buying a house is quite a journey; figuring out where to buy turned out to be the hard part.

Has anyone else been through this?

I'm curious how other people decided where to buy and especially how you got a real feel for a neighborhood you didn't already know before committing to it.

If you've bought around the greater Seattle area recently, or you're in the thick of it now, I'd love to hear your story: what you did to get to know different areas, what actually helped, and what was frustrating or just impossible to figure out.

Would love to hear how you worked through it. Feel free to share below.

reddit.com
u/Ok-Dream999 — 3 days ago

Seattle’s most expensive listing slashes price by $30M (40%)

A Lake Washington waterfront mansion has slashed its price by $30 million, but it remains Seattle’s most expensive home for sale.

The Georgian-style mansion, which once hosted President Barack Obama, hit the market nearly a year ago at a whopping $75 million

But last week, the home’s listing agents, Betsy Terry and Mary Jane Powers of Ewing & Clark, relisted the home at $45 million, a 40% price decrease. The Puget Sound Business Journal first reported the story.

https://www.seattletimes.com/business/seattles-most-expensive-home-for-sale-slashes-price-by-30m/

u/Unique_Edge6323 — 6 days ago

Buying a home with an easement

We are looking at a home that has an easement for the driveway; and that's the only way to get to the home. This part of the land is owned by a neighbor.

Could that potentially causes issues/disputes in future? Could the easement get dissolved unilaterally by the neighbor who owns that part of the land?

reddit.com
u/Unique_Edge6323 — 9 days ago

% of Seattle Home Sellers that Gave Concessions in May dropped down the most across US

A concession is recorded when an agent reports a seller provided something that helped reduce the buyer’s total cost of purchasing the home. That could include money toward repairs, closing costs and/or mortgage-rate buydowns. It does not include situations in which the seller lowered the list price of their home or lowered the price due to a negotiation with a buyer. 

The concession rate declined in 11 of the 28 markets in this analysis. It ticked down most in Seattle, where 48.8% of sellers gave concessions in May, down from roughly 66% a year earlier. That big decline is explained largely by a base effect: Seattle had the highest share of concessions a year ago, so it had the most room to fall. Additionally, Seattle has a near-record share of homes selling below their original asking price, meaning buyers are still getting discounts, just not necessarily from concessions. 

https://www.redfin.com/news/home-seller-concessions-record-high-rate/

This is based on an analysis of data submitted by Redfin buyers’ agents across the country, covering rolling three-month periods from 2019 to present. May refers to the three months ending May 31, 2026. The data is seasonally adjusted.

u/Unique_Edge6323 — 12 days ago
▲ 21 r/SeattleAreaRE+1 crossposts

Why are there no brick houses in Seattle?

Looking @ homes in seattle and surrounding areas.

Noticing that i cannot find any brick homes in washington?

Being from Oklahoma, majority of our houses are brick. Wondering what’s going on.

Just looking for peoples thoughts. Thank you!

reddit.com
u/Budlight9145 — 12 days ago

Bridle Trails/Bellevue Home sells for 750k below original list price

Nice, huge Bridle Trails home in a very good community sells for 750k (18.75%) below original list price.

  • 4bed, 4.5+bath, 4470sqft square feet, 0.82acre lot
  • Built in 1998
  • Prime location in Bridle Trails

Edit: listed for 3.99m; sold for 3.25m

Home was on the market for almost a year; and was likely priced high for last year's market.

https://www.realtor.com/realestateandhomes-detail/13799-NE-32nd-Pl_Bellevue_WA_98005_M29794-11142

reddit.com
u/Unique_Edge6323 — 13 days ago
▲ 394 r/rebubblejerk+3 crossposts

Lennar downgrades housing forecast AGAIN. Homes are NOW selling at lower prices than before the pandemic. Lower than the should-have-been recession and housing bust of 2019.

When the long-deferred financial reckoning day finally catches up to the Fed's asset bubbles & Ponzi markets, the wipe-out of fake wealth created by fake money is going to be epic.

u/Boo_Randy_Revival — 14 days ago
▲ 84 r/SeattleAreaRE+1 crossposts

Made a free map of King County sale prices by zip. Curious if your area looks off too

I got annoyed trying to figure out whether my place was assessed fairly, so I pulled ~63,000 recent King County sales and mapped median $/sqft by zip code. Green = under $400/sqft, red = over $800.

The thing that surprised me: in a bunch of areas the county's assessed values look higher than what homes are actually selling for right now. Which matters, because that's the basis for your property tax - and you can appeal it (you have 60 days from the date on your value notice, which a lot of people are getting in the mail right now).

Map's free, no signup, just look up your zip: kingcountytaxappeal.com/map

Full transparency since this is my project: the site also sells a $39 appeal-packet thing, but the map and the "are you overpaying" check are free and that's genuinely the useful part - share it, screenshot it, whatever. Mostly posting because I think the data's interesting and I want feedback on whether the numbers match what people are seeing in their own neighborhoods.

Is your area higher or lower than you'd expect?

u/Unique_Edge6323 — 14 days ago
▲ 365 r/REBubble+2 crossposts

JUST IN: ACROSS ALL ACTIVE US HOUSING LISTINGS AS OF THIS MORNING, 1 IN 5 SELLERS WHO BOUGHT IN 2022-23 IS NOW ASKING LESS THAN THEY PAID

The home buying class of 2022 bought at or near the top of the housing market. Today, 19% of them with a home on the market are listing at an unrealized loss - 10x the rate of sellers who bought before 2020, despite having nearly two-thirds as many homes on the market as that entire cohort.

The damage: $1.7 billion in unrealized losses, a median haircut of $30,000 per home.

One cohort. Half of every underwater listing in America.

Where it's worst: Austin. 59% of 2022-23 buyers selling there are asking less than they paid - a median $84,000 below their purchase price.

Unrealized loss = the seller's asking price is below what they originally paid.

u/Boo_Randy_Revival — 21 days ago
▲ 83 r/redmond+1 crossposts

New Redmond home sells for $725k below original list

Total drop in price was $1.175m. See edit below.

Brand new luxury home in Redmond…4655 sqft with nice upgrades.

Was originally listed for $3.5m in Nov 2025. If I remember right, it was listed for even higher last summer (close to $3.8m?).

Finally, got sold for $2.775m

Looks like Someone got a good deal.

https://www.zillow.com/homedetails/13698-NE-83rd-St-Redmond-WA-98052/455436140_zpid/

(Can any one confirm the very original list price from last summer?)

Edit: Numerous newly constructed homes have sold for $3.5-4m in the vicinity of this home…over the past 18 months.

Edit 2: This home was listed for 3.9m in July 2025. Thanks to u/aflatoon for pointing it out. Total drop in price was $1.175m

https://www.realtor.com/realestateandhomes-detail/13698-NE-83rd-St_Redmond_WA_98052_M97961-05148

reddit.com
u/Unique_Edge6323 — 23 days ago
▲ 240 r/SeattleAreaRE+1 crossposts

Investor purchases of US housing are collapsing

I love the smell of burning housing speculators in the morning. It smells like...victory.

u/Boo_Randy_Revival — 25 days ago