Uncategorized August 1, 2018

Monthly Lynden Real Estate Market Report

If you are thinking about buying or listing Lynden, WA homes for sale, being aware of the current market conditions is important for your success. Details like days on market, average and median sold price and month supply can benefit both buyers and sellers. Buyers can use these details to understand their position in our local Lynden, WA real estate market and use those details to come up with a competitive offer. As a seller, you can use these numbers to figure out what makes a good list price based on comparable sold real estate in Lynden, WA. The best way to get this information is from an experienced Lynden, WA realtor. Not only can we provide this information for you, but we help you navigate the entire process. Utilizing a qualified Lynden, WA realtor is the first step in ensuring you have a successful transaction. So how is real estate in Lynden, WA doing? Let’s take a look!

The sold price for Lynden, WA homes for sale have increased for both the median and the average prices from both this time last year. The average sold price for homes for sale in Lynden, WA is up 16.1% at $391,309. The median is up 8.2% at $346,000 compared to this time last year. These two numbers are both down slightly compared to just last month. The average price per square foot is also up 4.9% from last year at $193. This number has actually stayed the same for the past couple months now. The median percentage of list price is currently 99.3%. This number determines both parties’ negotiation power.

As far as inventory is concerned, most of the categories we watch are down with the exception of new listings. These are up 6% while homes for sale in Lynden, WA are down 8.1%. Pending sales are down 5.6% while closed sales are down 2.4%. The median days on market is still at 20 while the average days on market is still 51. The month supply is still very much in a seller’s market at 2.9 which is down 14.7% from this time last year but up compared to last month. In order for a market to be considered balanced, it needs a 6 month supply. If you are looking to list or buy homes for sale in Lynden, WA, working with a qualified Lynden, WA realtor is the best bet for a positive experience. Looking for a Lynden, WA realtor? I would be happy to help!