If you are interested in selling or buying real estate in Lynden, WA, knowing the current market conditions is crucial. As a buyer, you want to ensure that you are not over paying for a Lynden, WA home for sale. As a seller, you want to make sure you price your home for sale in Lynden, WA according to the current market demands. If you overprice, your home can sit and be stigmatized by buyers as having something wrong with it. If you under price in hopes of creating a bidding war, you may end up making less money. Being informed of the current market conditions is why the use of a Lynden, WA realtor is so necessary. We have a tool that comes straight from the NWMLS that provides accurate stats. Let’s take a look at the current Lynden, WA real estate market.
Both the median and average home prices for Lynden, WA real estate went up compared to last month as well as this time last year. The median increased by 11.6% and is now $307,000. The average increased by 4.9% and is now $326,448. Both the median and average days on the market went down by 27% which means that homes are going from active to pending in 27 days for the median and 56 for the average. The median percentage of list price saw a small increase with a report of homes getting 99% of the listing price. This basically means that homes are getting very close to asking and in some cases, over. Pending homes for sale in Lynden, WA are up 16.4%. Closed homes are up 9.2%. Price per square foot is up 12.3%. The amount of new listings is up 29.4% which is welcomed as we need the inventory. If you are looking for real estate in Lynden, WA we think you will agree with that statement. Now, we are still in a sellers market with a month supply of 3.7 and the amount of total homes for sale is still down. Lynden, WA realtors hope that folks thinking of selling their real estate in Lynden, WA will do so soon so that we can satisfy buyer needs. If you are looking for a Lynden, WA realtor to guide you in buying or selling, give me a call at 360-410-0848. My team and I would love to help!