Seattle remains expensive, but stronger inventory conditions could gradually improve buyer choice and reduce the extreme competition seen earlier in the cycle.

High incomes provide an important demand base, although elevated home prices continue making mortgage affordability a significant constraint for many households.

Zillow’s affordability outlook points toward gradual improvement as mortgage costs decline and incomes rise across major U.S. markets.

In 2027, Seattle’s trajectory will likely depend on technology-sector employment, borrowing costs, and whether additional inventory reaches the market.

For expert insights on the Burnaby real estate market, connect with Christine Jang, REALTOR® at Macdonald Realty Westmar.