In the Northwest, market conditions are beginning to warm ahead of the traditional spring
surge. While some areas, such as Portland, have shifted toward a modest buyer’s market with
increased inventory, well-priced and updated homes continue to attract quick offers. Multiple
offers are reappearing in select markets like North Seattle for properties under $1.2 million,
indicating pent-up demand in more affordable segments. Higher-end properties are also
beginning to move again, though often with longer days on market. Overall activity levels remain
stronger than typical for the off-season, suggesting that buyers are gradually adjusting to current
mortgage rate levels and preparing for the spring market.
