Seattle Home Sellers Offer Record Concessions as Buyer Incentives Surge to 71% of Listings
Key Takeaways In Q1 2025, 71.3% of real estate transactions in Seattle involved seller concessions, marking a significant shift in the market dynamics. Iconic neighborhoods such as Capitol Hill are experiencing a surge in incentives, driven by sellers' efforts to maintain listing prices. Seattle's concessions have nearly doubled compared to the previous year, notably exceeding trends in other cities like New York City. Seattle's Real Estate Market Transformation Seattle's real estate environment is dramatically shifting, with 71.3% of transactions in Q1 2025 involving seller concessions. Iconic neighborhoods like Capitol Hill witness soaring incentives. The pressure to retain listing prices fuels this trend. Buyers now wield unprecedented negotiating power. Concessions counteract economic uncertainties and high costs. Towering over other metros, Seattle sees concessions nearly double from the previous year, contrasting sharply with dropping rates in New York City. Explo...
