RE Market Info March 13, 2019

North Whidbey (Oak Harbor) Market Update March 2019

Here is an update on the Oak Harbor North Whidbey real estate market, based on statistics through the end of February 2019, and published by the Northwest Multiple Listing Service.

In the video below I walk viewers through the statistics which show a couple of noteworthy market aspects here in Oak Harbor (North Whidbey).  First, after a relatively flat previous few months, average sold prices have increased markedly over the past 2 months.  Second, the amount of available inventory has jumped up over 3 months for the first time in a few years. This means we are currently in a “balanced” market after being in a “sellers” market for a long time.  Along with that, interest rates have decreased over the past few weeks.  This is a help to buyers as well.

Don Jaques North Whidbey Oak Harbor real estate Market Update March 2019

If you would like a current market analysis of your home anywhere on Whidbey Island or in Anacortes, reach out today for this complementary service.

Compare this report to the November 2018 report.

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Don Jaques
Windermere Real Estate/Whidbey Island