What is happening out there?

You may have heard by now that the housing inventory is very low in Clallam County – and in Washington. How low is low? According to the Northwest Multiple Listing Service we currently have 196 homes with an average list price of $416,424 on our local market.

Year to date, 429 homes have sold with an average price of $269,584. Together these numbers tell the story about the true demand. Without new homes coming on the market we have about 5 months of inventory out there. Anecdotally, my fellow brokers and I are seeing many buyers from other areas moving to our piece of paradise. This increased activity increases prices and creates multiple offer situations on desirable homes.

What to do with this information? If you are thinking of making a change and buying or selling in the near future continue to check in on my blog and give me a call or email for more market information.

 

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Thanks for stopping by forĀ all things realty’ on our lovely Olympic Peninsula! I look forward to working with you for your real estate needs — whether buying or selling in the paradise we call the Olympic Peninsula.