The Sequim real estate market continues its steady growth. During February the number of active listings was up 2% from a year earlier but down 7% from the prior month. The median listing price was just under $300,000. The average days on market on market was up 9% compared to last year at this time. The median sales price was just under $290,o00. The number of houses sold increased 80% over last year at this time and increased 64% over the prior month.
That last sentence is key: The number of houses sold increased 80% over last year at this time and increased 64% over the prior month. Wow. That’s an interesting statistic, isn’t it? Sales have increased, and while that is good news for sellers, it might not be the news buyers want to hear. It has been a buyer’s market for a long time, but that is probably over. That doesn’t mean we have entered a seller’s market, but we are in a time when the Sequim real estate market is finding balance, and that means more normal buying and selling is likely, and prices are going to be more competitive.
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