Seattle homebuyers to face tough summer market despite 4% price drop, potential rate cuts

The weather warm-up is usually a sign the housing market is about to heat up.

The summer months are when most people try to make a move, but buyers will need to get creative if they want to compete.

According to the National Association of Realtors, 2023 was one of the worst years for home sales in the last 10 years. This year is not getting much better.

Mortgage rates are still high and listings are low. One expert said inventory is up 25% from last year, but still down about 50% from pre-pandemic levels.
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