If you are thinking of listing or buying Lynden, WA real estate in 2019, knowing the market conditions is incredibly helpful. As a seller, you can price your home based on comparable solds. This allows you to sell quickly and for the most money in most scenarios. As a buyer, you know who has control of the market, how far your money will go and how quickly homes for sale in Lynden, WA are moving. In a buyer’s market, you have a little more time to think about whether or not certain homes for sale in Lynden, WA are right for you. In a seller’s market, a buyer knows that Lynden, WA real estate is moving fast and they don’t have a lot of time to “sleep on it”. The best resource for the current market conditions is from a Lynden, WA realtor. We have our finger on the pulse of the market and work on behalf of our clients to make sure they are fully educated on the current Lynden, WA real estate market conditions. How are the stats looking right now? Let’s take a look.
The average sold price for homes for sale in Lynden, WA, according to TrendGraphix, is up 16.5% from this time last year at $410,000. The average active price for Lynden, WA Homes for sale is down 15.4% at $374,000. The percentage of list price, which determines your negotiation power, is at 97%. This is only up by 1% compared to last year. The average price per square foot is down slightly from this time last year at $176. The average days on market are up about 51% at 65. This means Lynden, WA homes for sale are not moving as fast as they were this time last year. The month supply is up a substantial amount compared to this time last year. The month supply determines who has control of the market based on inventory: buyers or sellers. Anything less than 4 indicates a seller’s market while anything 6 or over is considered balanced. The month supply is up 163% from this time last year at 4.3.
If you are thinking of buying Lynden, WA homes for sale or listing, feel free to give me a call. As an experienced and established Lynden, WA realtor, I would be more than happy to help.