RE Market Info May 2, 2019

North Whidbey (Oak Harbor) Market Update May 2019

For those interested in the market trends here on North Whidbey (Oak Harbor WA), I took a look at the statistics for homes priced under $500K on North Whidbey and created this 3 minute video.  These stats came out May 1 and refer back to April 2019.

Quick takeaways:

  • Mortgage rates went down the last 2 months and are under 4.25% on average.
  • Average sales price for these homes has gone down by 5% since last April.
  • There is still not a lot of inventory, and homes are taking 40 days to get under contract on average (a small step up from last month).
Have questions about what these statistics mean for you and your home?  Wondering what it takes to purchase a home in today’s market?  Reach out today and I’ll be glad to give you personal assistance.
Don Jaques
Windermere Real Estate Whidbey Island