The Sequim real estate market in November is interesting. The number of active listings was down 22% from one year earlier. As I have written in previous articles, the inventory has been slowly shrinking as buyers continue to buy at increasing levels and home builders have not been building enough to replace the inventory.
Sequim Real Estate Market Improving
The average listing price of homes in November was up to $325,000 from $313,000 last year. The average number of days a home was on the market before selling was down 56% from 146 days to only 64 days. The number of homes sold increased 38% over last year.
All of this data is consistently telling us that the Sequim real estate market is continuing to improve on a steady upward trajectory. It is no longer a buyer’s market, that’s for sure. In fact, some buyers are having trouble finding their ideal home because the inventory is low, and when a great home at a great price shows up in the Sequim MLS, it is sold very quickly.
Sequim Real Estate is Hot
My buyers from around the country are having to do their diligence every day by watching the listings at Sequim MLS. This site is a 100% accurate Sequim MLS site that also shows you the status of a listing, whether it is sold or active, and many of my buyers are setting up email alerts so they will be notified immediately if a new listing shows up with their search parameters. I have instructional videos on that site to show you how to set those up.
The Sequim real estate market is not necessarily a seller’s market for all homes, but it is for the best homes in the best areas that are listed at the best prices.
Possibly Related Posts:
- Are Buyers Competing to Bid Prices Up?
- Are We At The Top Of The Real Estate Market?
- Should I Submit a Backup Offer in this Market?
- Sequim Real Estate Market
- A Sequim Real Estate Market Update by Video