Uncategorized October 7, 2018

Lynden, WA 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. 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. Buyers can use these details to understand their position in our local Lynden, WA real estate market and how to come up with a competitive offer. 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 13.1% from last year at $392,870. The average is actually down a bit though from last month. The median is up 7.1% at $347,950 compared to this time last year and last month. The average price per square foot is also up 4.3% from last year at $195. The median percentage of list price is currently 99.5%. This number determines both parties’ negotiation power. Your realtor in Lynden, WA can further elaborate on how both buyers and sellers can use this number to their advantage.

As far as inventory goes, most of the categories we watch are down. New listings have seen no change. Homes for sale in Lynden, WA are up barely by 1%. Pending sales are down 8.6% while closed sales are down 7.7%. The median days on market are at 19 while the average days on market is 45. The month supply is still very much in a seller’s market at 3.1 which is up by .1 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!