Unless you’ve been living in a cabin in the woods over the last year, you know that the real estate market is smokin’ hot! Even with diversions like TRID and threats of interest rate hikes, homebuyers continue to flood the market as the housing inventory remains very low…here’s proof!
Median Price vs Total Inventory in Chehalis
Taking a look at this graph over the past year, it’s clear to see the correlation between price and how it roughly follows the amount of homes available…pretty standard. However, over the last 30 days, we have noticed a steady decline of homes for sale in our area. Couple that with a continued demand by homebuyers and now we are beginning to see home prices inch back up to near their peak of just a year ago.
Average Days on Market vs Total Inventory for Chehalis
Interesting graph depicting the areas average days a home stays on the market also indicates has declined sharply since the first of the year with inventory, again, beginning to wane.
What does all this mean? Low inventory coupled with higher than normal buyer demand equals continued increase in what sellers can ask for AND GET for their homes in Chehalis!
If you have more questions about the real estate market in our area or how you can take advantage of all this and get the most for your home, please do not hesitate to contact me at the info below.
I am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.
Certified Residential Specialist | Real
Mountain Valley Real Estate