Which ways the market headed in Seattle?

[Shiraz Ali]

I’m new in WA, bought my first flip and like most, I was in the bidding wars in the first couple months of the year. I did a house hack(lived and flipping) but the market seemed stable when i listed but it seems people are waiting for price drops to buy.... which way is it headed here??

[James Dainard]

@Shiraz Ali The market has definitely slowed in WA, as it has around the country, Seattle is seeing some of the biggest drops mostly because it saw some of the biggest booms in pricing.  This time of year as the holidays are coming up, it's going to be slower.  However, the economy is still going strong, and it doesn't seem to be slowing down, which means buyers will still be in the market.  As mentioned earlier, interest rates are forcing some buyers into different price points.  Most importantly, buyers aren't going to keep overpaying for homes.  I've found that my properties that are priced correctly are still selling quickly and for profit.  

The best advice I can give for flippers in this market is to design homes based on what buyers want, not what you think will look nice.  The most important factor to this is staying on budget. Don't blow your budget with finishes that are nicer, but not what buyers want.  Study the current trends and go for a design that will appeal to what people want.