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?