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).