Overview:
Home prices in Seattle are beginning to stabilize, yet they remain elevated despite an increase in available homes, driven by record-high mortgage rates. This situation has prompted prospective homeowners to widen their search beyond urban centers, particularly those with remote work flexibility. According to Realtor.com's Cross-Market Demand Report, the top cities attracting homebuyers include Portland, OR, Elgin, IL, Bremerton, WA, San Francisco, CA, Olympia, WA, Dallas, TX, Spokane, WA, Phoenix, AZ, San Jose, CA, and Los Angeles, CA.
Written by Stacker
Home prices are largely starting to normalize across the country but remain high even as more homes come to the market.
Record-high mortgage rates are keeping homes largely unaffordable for most buyers. Even a percentage point increase can increase a monthly mortgage payment by more than $100.
That’s causing potential homeowners to expand their searches outside costly urban cores, especially when they can work from home.
Stacker examined data from Realtor.com’s Cross-Market Demand Report to see who’s looking to buy homes in Seattle. View share is based on page views of active listings during the fourth quarter of 2024 on Realtor.com. It does not include international viewers.
#10. Portland, OR
-2.3% of views
#9. Elgin, IL
-2.5% of views
#8. Bremerton, WA
-2.6% of views
#7. San Francisco, CA
-2.7% of views
#6. Olympia, WA
-2.7% of views
#5. Dallas, TX
-2.8% of views
#4. Spokane, WA
-3.3% of views
#3. Phoenix, AZ
-4.2% of views
#2. San Jose, CA
-5.6% of views
#1. Los Angeles, CA
-13.1% of views
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 346 metros.
