Island County Housing Update - Resale Only
Strong Spring Sales Activity
The spring market is officially underway with buyers and sellers in motion. The number of new resale listings is increasing as we approach summer, yet buyer demand remains strong for new resale listings.
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE INTEREST RATES
3.18%
MONTHS SUPPLY SCALE
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KEY MARKET INDICATORS april 2024 (march Recap)
Sales Activity Intensity™ is a John L. Scott Real Estate term that measures the percentage of new resale listings going under contract within the first 30 days on the market. We measure this because the first 30 days on the market is the best opportunity for homes to go under contract at the best price. Higher intensity results in price support and possible price increases. Buyers can look at intensity to see how strong of an offer to put on a property and sellers can use intensity to help determine the strength of their listing price.
Sales Activity Intensity™
Source: NWMLS. Data is for Resale only. © 2024 John L. Scott Real Estate