Seattle housing market wrestles with crippling affordability concerns
By: Jeff Andrews | Published: 2025-06-13 22:45:00 | Source: www.housingwire.com
“It’s hard to find a market as expensive as Seattle,” said Jeff Tucker, an economist for Seattle-based Windermere Real Estate. “We’re really right behind the expensive coastal California markets when it comes to typical single-family home prices.
“With higher interest rates that we’ve started, yeah, the affordability constraints have seemed to put a bit of a ceiling on price appreciation.”
Tucker’s comments are reflected in the data. According to Altos, the median home price is a staggering $910,000 compared to $649,999 at the beginning of the COVID-19 pandemic in March 2020. Seattle has one of the higher median incomes in the country at $110,744, but that doesn’t translate into price relief.
The Emerald City’s price-to-income ratio is 7.4, trailing…
