We are experiencing some unique times in our country. We are also experiencing a unique housing market here on the Olympic Peninsula. For Sequim we ended the year with an average of 2.55 months supply of homes (a healthy market is around 6 months supply.) Less inventory in our high demand market has impacted an overall median price increase of 7.8%.
Sequim land median prices are up 18% from 2017 but sales for were down by 14%. A little different for Port Angeles with median prices just up 1% and number of sales were up 12% from 2017.
Days on market decreased from 2017 for an average of 56 days to 45 days for the Olympic Peninsula as a whole.
We are expecting a healthy demand in the spring months ahead making it an ideal time to list. How ideal? To answer that question, I would be happy to provide input specific to your home with a free Comparative Market Analysis.