
There has also been a drop in inventory of homes on the market, which is a huge factor. According to the Times, inventory in King County is the lowest it’s been since 2006, and the number of potential buyers vs. sellers is playing a huge role in the market. More people are opting to rent to avoid costly mortgage debt, as they’ve seen more frequently than before. One thing is certain, the confidence in buyers in Seattle is spreading, and sales could have even possibly been higher if the lack of inventory were higher.