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April Showers Bring May Flowers and MORE INVENTORY?! 🏡
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April Showers...May Flowers & Inventory?!
Happy Spring! Hope you are enjoying the longer sunnier days. It has been so exciting to see the new growth on trees, and all the spring flowers starting to bloom, and Easter is right around the corner, (Sunday, April 21st) if you celebrate. With all the new growth and springtime now in full effect, we are hoping to also see a growth of inventory in our current market. Will the April Showers bring us more May Flowers and show us an increase in housing inventory?! Keeping reading to find out...
Now onto the Market Update...
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THE MARKET UPDATE
It has been a busy month in the Whatcom County Real Estate Market. We saw a slight increase in inventory with a jump of 4% in Whatcom County but also an 11% increase in median sales price as well. With the amazingly low-interest rates, we are seeing an increase in buyers as well however we are not seeing nearly the inventory to support the need. With our current monthly supply of inventory at just under 2.5 months, it is still very much a seller's market. To see an adjustment back to a balanced market traditionally available monthly inventory is around 6 months with buyers often having more of an advantage.
So if you or someone you know is looking to upsize or downsize your home it is a great time to sell. Let's Connect and I can guide you through the process.
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Easter Egg Origins Story... Did You Know It? |
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Did you know...
One of the earliest pieces of evidence of dyed eggs in British history goes back to 1290, when the household of Edward I bought 450 eggs to be colored or covered in gold leaf to be distributed among “the royal entourage” for Easter. |
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Local:
Skagit Tulip Festival |
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The Skagit Valley Tulip Festival is one of the destination events for the Pacific Northwest, held from April 1-30, celebrating millions of tulips bursting into bloom. |
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Muljat Market
Update
by Troy Muljat
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Curious about what is happening in Whatcom County beyond the quick snapshot above? Click the link to hear Troy Muljat give a great update on the Whatcom County Market here in March |
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If you are enjoying my newsletter, I would love for you to pass it along to a friend! Please forward and they can sign up for the monthly newsletter
HERE.
Thank you for your support!
Baltina Valente
Residential & Commercial Realtor |
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