Everett Real Estate Market Update: August 2018
Happy August, Everett!
Every month, we like to bring you an Everett real estate market update. Now brought to you by Lamoureux Real Estate.
Let's kick things off by checking out last month's numbers for July 2018:
For comparison, let's look at the previous month's numbers for June 2018:
For the second month in a row, we've seen another slight decrease in sales. From June to July:
- Prices dropped slightly by an average of $4,000/home.
- Homes took an average of one more day to sell.
- Over 18% fewer homes sold overall.
For a greater comparison, let's look at this time last year. July 2017:
July 2018 compared to July 2017:
- Prices are still up over 10%.
- The average days on market has still sped up by one day on average.
- The number of homes sold has decreased by about 10%.
Although we're still seeing many stronger indicators year over year, these recent months do indicate a changing tide. Many sources have been reporting slowing sales around the country as a whole. Have we finally seen the end of rapid price increases?
Lamoureux Real Estate's listings, such as this home at 1125 Rucker Ave, have been receiving multiple offers and selling for well above the list price.
If this is the height of the market, this very well may be the perfect time to sell. If you're thinking of selling your home, make sure you reach out to Lamoureux Real Estate, a local independent real estate brokerage that has been operating in Everett for over 30 years.
What do you think? Have we reached the height of the market here in Everett? Comment below.
*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single family homes and condos.
Garret is a licensed Realtor with Lamoureux Real Estate, although he doesn't sell much anymore. He now focuses full time on running Live in Everett and telling bad Dad jokes (oxymoron intended).