Is it cheaper to rent or buy in Seattle?

I do not have enough information to tell you if it is cheaper to rent or buy in Seattle. I can tell you about the housing market there, but I do not have any data about rental prices to compare with home prices. The median listing price for a home in Seattle is $780,000. This is pretty stable month-over-month, only up 0.5% from last month. Compared to last year, prices are down slightly by 2.4%. There are more homes for sale now than last year. Active listings are up 21.0% year-over-year, with 10,456 homes currently on the market. However, fewer new homes are coming up for sale, with new listings down 8.4% from last year. Homes are taking a bit longer to sell. The median time a home stays on the market is 36 days, which is 20.0% longer than last year. Also, 19.0% of homes have had their prices reduced, an increase of 2.7% from last year. Because I only have information about home prices and not rental prices, I can't advise you on whether renting or buying is cheaper right now. You'll need to compare these home prices with local rental costs to make that decision.