Seattle Luxury Market Remains Resilient Despite Tech Shifts

Seattle’s luxury housing market is experiencing a noticeable slowdown, with sales taking longer to close and price drops becoming more common. This trend is closely linked to tech sector job cuts and an increase in high-end listings. As someone who’s spent years navigating Seattle’s real estate cycles—especially in bank-owned and distressed properties—I see firsthand how new state tax policies and major corporate decisions are shifting local wealth and influencing who chooses to move here. While rents and home prices are holding steady compared to the nation’s most expensive markets, these changes are reshaping our city’s high-end landscape in subtle but significant ways.