Happy August, Everett!
Every month, we like to bring you an Everett real estate market update.
Let's kick things off by checking out last month's numbers for July 2018:
For comparison, let's look at the previous month's numbers for June 2018:
For the second month in a row, we've seen another slight decrease in sales. From June to July:
Prices dropped slightly by an average of $4,000/home.
Homes took an average of one more day to sell.
Over 18% fewer homes sold overall.
For a greater comparison, let's look at this time last year. July 2017:
July 2018 compared to July 2017:
Prices are still up over 10%.
The average days on market has still sped up by one day on average.
The number of homes sold has decreased by about 10%.
According to the NWMLS stats (which includes single family homes and condo sales), it's very well possible we have hit the height of the market, which means now could be a great time to sell.
Properly listed homes are still selling fast and for top dollar, but as the market slows, it's more important than ever to work with an experienced Realtor. If you are thinking of selling or have questions, give us a call anytime, or feel free to stop by our office. Coffee is on us!
*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single family homes and condos.