If you've been sitting on the fence, waiting for Seattle housing prices to soften, this may be the time to strike, before they firm up once again.
Its hard to say what any market will do, but signs point to Seattle's escaping the housing malaise that is striking much of the country.

Condo prices are probably where the best buys can be found, as well as single family homes in some So. King county communities. Its not universal, by any means, with the core neighborhoods in Seattle and the Eastside maintaining decent sales with some price concessions, but nothing like many other cities.

Lots of people have hoped it would drop significantly, but in fact:

" Across the country, Americans saw home prices drop precipitously in the fourth quarter, but in Seattle, that wasn't the case.
Seattle was one of only three U.S. markets where home prices increased in the latest quarter, according to data released by Standard & Poor's. Only Charlotte, N.C.; Portland, Ore.; and Seattle showed year-over-year increases in prices. Seattle's growth was the slightest, at .5 of a percent, followed by Portland, at 1.2 percent, and Charlotte, at 2.3 percent.
"www.bizjournals.com/seattle/...ly11.html

New construction is also a place to search out bargains. I recently closed a sale in a high demand neighborhood, where my buyers purchased at 10% under the asking price, for a new $550,000 home. The builder simply didn't want to keep making those payments and opted to accept a clean, quick closing sale.

On the other hand, open house traffic is up significantly, interest rates are still fabulous and I'm sensing a coming to grips with our unique market, by the public. Expectation of dramatic price reductions seems to be passing, but there are still some great opportunities available for buyers.