The Sequim real estate market report for June of 2015 confirms the trend of an improving market, but alone this report doesn’t tell us anything startling. Probably the most interesting data is the increase in the number of homes sold in June.
Real Estate Market Report
It’s been a very interesting real estate market this year. Sales have picked up and the inventory is way down. In June home sales were 26% higher than in May and 35% higher over June of last year. That’s a big increase, and it indicates buyers are more aggressive this year than in past years. Many listings are selling at full price, and there’s now some competition among buyers on many properties.
Real Estate Market Predictions
The data doesn’t tell the whole story about buyers and their motivations. Many buyers are not finding their ideal home. I believe if the inventory wasn’t so limited right now, we would see even higher sales numbers. That would place us at about the same total sales numbers as we had in our peak year, 2005. I believe we have some pent-up demand that will mean continuing and maybe increased sales in the months ahead.
I created showing sales from 2005 to 2015, which you can view at Sequim Real Estate Market Trends.
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