WA licensed realtor here, working outside the I-5 corridor... what you say is an accurate reflection of what I see in my rural market - sales are slower, but pr

WA licensed realtor here, working outside the I-5 corridor... what you say is an accurate reflection of what I see in my rural market - sales are slower, but prices aren't dropping. When I talk to my colleagues who are in the Puget Sound market, they all indicate that inventory is almost tighter than it was previously - people are in a 3% rate and unwilling to move unless life forces them to do so. I'm not an economist, but I see it as a basic function of supply and demand. So long as demand is high and supply is stable, prices must remain high. Sales may be slower (IE: you see properties sitting on market longer...) but that is a reflection of constrained borrowing / access to capital, not decreased demand.