As we begin heading into 2017, I’d like to share some informational stats about what the market is doing in our area.
Let’s first take a look at the market stats in Lewis County as a whole in Residential sales as things continue to look up.
In the past year, both the average price and the number of homes sold have increased! All good news for sellers in our area. However, as the number of days on the market has seen a decrease this is a sign of the tight supply of homes for purchase, making it harder for buyers to find a home to purchase.
December 2015 vs. December 2016
Average Sales Price ~ $154,500 vs $172,000
# of days on market ~64 vs 49
Total# of sales ~ 1,058 vs 1,101
*Information provided by NWMLS
As you can see, the sales price of properties in Chehalis has continued to grow over the last three years:
All in all, the market conditions and the projections for continuing real estate recovery in our area are strong.
View more market stats on our Local Market Stats page.
Want more information about the Market in your area? Contact me at 360-880-2356 or email me directly to learn more.
Janet Simons | Real Estate Broker | Chehalis Valley Realty