The Sequim real estate market report for August is especially revealing, because it shows the reality and consistency of the improving trend of our real estate market better than past reports.
In the month of August, the number of active listings was down 21% from one year earlier. The median listing price for the month was just under $320,000. The average number of days on market before being sold was down 12%. The median sales price was just over $250,000. The number of homes sold increased 18% year over year, and increased 6% month over month.
Real Estate Market Report Significance
The reason this is such an important report is because it shows clearly how the health of the Sequim real estate market has been improving in several key areas, including the lower number of days on market until a home is sold, and the increasing price of listings and sales. Sales increased by a whopping 18% over last year. That’s very significant for both buyers and sellers.
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