Market Changes in Anacortes in May

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Real Estate

 

We've seen a change in the Anacortes home market in May.  The "Hot Seller's" market continues for homes in the $300-$599k range.  However increased inventory of homes between $600=$999 has made this higher price range a "Buyer's Market".

Still a Seller's Market: Homes $300-$599k

  • Homes for Sale May 2016: 62 units
  • Up 21.6% compared to last month
  • Down 13.9% compared to last year
  • 1.8 months of inventory (Seller's market is less than 3 months)

But a Buyer's Market: Homes $601-$999k:

  • Homes for Sale May 2016:34 units
  • Up 54.5% compared to last month
  • Up 21.4% compared to last year
  • 8.5 months of inventory (Buyer's market is more than 6 months)