Is Real Estate Still a Smart Investment? Here’s What You Need to Know.

Is Real Estate Still a Smart Investment? Here’s What You Need to Know.

If you’ve been watching the news, you’ve probably seen some confusing headlines about the housing market:
Are prices dropping? Are we in a bubble? Will mortgage rates ever come down?

It’s a lot. And if you’re thinking about buying a home in Washington, it might leave you wondering—is now even a good time to buy?

The short answer? Yes—if you’re thinking long term.

Real Estate: Still #1

Every year, Gallup surveys Americans about the best long-term investment. And for the 12th year in a row, real estate came in at number one—beating out stocks, gold, and bonds.

That’s a big deal.

This year’s results came right after a rough April for the stock and bond markets. Even with all that uncertainty, real estate stayed strong—and people noticed.

“Real estate remains the top choice for the 12th consecutive year.” – Gallup, 2024

What’s Happening in Snohomish County?

Here’s what’s going on in our local market:

• Median Home Price: $715,000 (up slightly from last year)

• Average Days on Market: 16

• Inventory: Still low—less than two months of supply

• Mortgage Rates: Around 6.5%–6.75%

We’re not seeing the wild price jumps we did during the pandemic, but homes are still gaining value—just at a steadier pace.

And while interest rates are higher than a few years ago, many buyers are still making moves. They understand that real estate is about long-term growth, not short-term wins.

Why People Are Still Buying

Here’s the truth: no one can perfectly time the market. But over time, owning a home builds wealth through equity, tax benefits, and appreciation.

“A home is more than just a place to live—it’s often a family’s most valuable financial asset.” – First American

Even if prices level off or dip slightly, the long view still favors homeownership—especially if you plan to stay in your home for several years.

The Bottom Line

It’s okay to feel unsure about the market. But remember: real estate is a long-term game. It’s consistently ranked as the best investment for a reason.

If you’re thinking about buying or selling and want real facts—not headlines—let’s talk. I’m here to help you make smart, confident decisions in today’s market.