We now have a new moniker for the current state of Seattle’s housing market: “The Great Reversion.” So far this year, our city has been named the biggest loser of major metro areas in the United States, with the fastest cooling real estate scene. Even our once-blazing rental market has finally slowed. Still, it’s all about perspective.
The market may feel like it’s stagnating after the bonkers competitive pandemic years, but compared to 2019, inventory is still tight and prices are still higher than they once were in some areas.
“The ‘Great Reversion’ continues with the number of homes in the tri-county market of King, Pierce, and Snohomish counties
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