Tariffs and House Selling

If you're thinking that Tariffs are going to affect the housing market, you're right, but there are two pieces to that:

1) In the immediate, some people are pulling back, and some properties have already been pulled from the market as people take a wait-n-see approach. That said, in Sammamish, Washington, the center of my property service area, houses have been selling YTD within in 19 days (today is April 7, 2025) per the MLS, and have been selling for 6%+ over ask, so the momentum might help us through this. If you are on the market stay on the market because 2) is coming:

2) Tariffs will increase the price of the existing suppliers raw materials, so they will have to source elsewhere, i.e. US wood vs Canadian wood, and that means that prices will stay higher, just your house will have "Made in USA" on the 2x4's. The benefit for house sellers is that your price will slowly start to be able to increase as new builds, or rebuilds/remodels will cost more, so the whole price will be higher - bonus for you who are selling. The one thing to take into account is that it might take longer to find the right buyer. In the 98074 we have the benefit of having desirable schools next to all the tech hubs, so the demand doesn't cease: https://www.yahoo.com/news/tariffs-effect-housing-market-010450278.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGAxaefUEZbnUkX-D4qEKtEB2NChgzS3TH2OOz1n_7FefN22iJm3ABFhjPiSti1g81eFeGV-8GF4h9AU_ILy1AnmdXjPB8_m9IlulWCSLUlT5dtYr0MC5wwEtiGhbtg0ZdkRzG7Ik6JYEErjowNG0rYozPtwh4Hhcj-QMGi6rOUn