Everett Real Estate Market Update: April 2020
Happy April, it’s officially Spring!
Every month we like to take a look at how the Everett real estate market is trending.* Let’s take a look at last month’s numbers, March 2020:
For comparison, let’s look at the previous month, February 2020:
From February 2020 to March 2020:
Prices rose by an average of $10,000/home.
Average days on market went from 20 to 16.
The number of homes sold went from 125 to 152.
So all-around, the Everett market did improve in March. Even despite the Covid-19 epidemic, the market tightened up across the board. Homes are still selling!
For broader perspective, let’s compare to this time last year, March 2019:
Comparing March 2019 to March 2020:
Prices went from $398,000 to $438,000.
Average days on market went from 33 to 16.
The number of homes sold went from 155 to 152.
Definitely some more noticeable changes there. Over the last year, prices have jumped an average of $40k, and homes have sold twice as fast. Will the market continue increasing despite the Covid-19 epidemic? We’ll be back next month to let you know.
If you’re thinking about selling or buying feel free to contact us anytime. We can work with you utilizing social distancing techniques that’ll keep you just as healthy as our 30+ year track record of selling local real estate!
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*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single-family homes and condos.
