Seattle experiences lowest inventory levels in decades, maybe even history.
Faced with the lowest inventory levels in more than three decades—probably much longer but we’d need to scour through handwritten ledgers to go back any further—prospects for an abundance of new homes for sale to meet the current demand aren’t looking favorable.
The Seattle region needs to become more creative at how it meets the housing needs of its people or its people will head elsewhere. As much as we hate it, higher density, better mass transit to outlying areas, and more effective use of available land and housing will likely have to be part of the discussion.
It’s time to roll up our sleeves and find solutions that work for longstanding residents and newcomers alike.
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