Everett Real Estate Market Update: December 2018
Happy December!
Every month we like to take a look at how the Everett real estate market is trending.* Brought to you by our friends at Lamoureux Real Estate.
Let’s kick things off with last month’s numbers, November 2018:
Okay, now for comparison, let’s look at the month before that, October 2018:
From October to November, things certainly mellowed.
Prices dropped an average of $5,000.
Homes took an average of six more days to sell.
Two fewer homes sold.
We should acknowledge, October does have 31 days in the months whereas November has 30 days. So even though November slowed, when you account that its a shorter month the small changes are even smaller.
For a broader comparison, let’s take a look at this time last year, November 2017:
As per usual, here’s where we observe more significant changes. From November 2017 to November 2018, comparing month over month:
Prices increased an average of $31,000.
Homes took an average of five days longer to sell.
55 fewer homes sold November of this year compared to November of last year.
Even though prices are still up considerably compared to last year, the fact that less homes are selling and taking longer to sell month over month tells us we’re still in a slowing market. Predictions about the future of the market are quite mixed. Many are predicting 2019 will be another boom year, whereas many others are predicting a continued decline. Time will tell.
How do you feel about this shifting market? Comment below, and if you have any questions or need a real estate professional make sure you contact one of our preferred partners below.
EVERETT REAL ESTATE PROS:
Mortgage Loans
Our preferred lender, Michelle Bruto Da Costa.
Realtor
Reach out to our friends at Lamoureux Real Estate.
Rental
Check out our Everett Rental Guide.
*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single family homes and condos.
Garret is the Co-founder + CEO of Live in Everett. He’s also a Realtor with Lamoureux Real Estate and was a background actor in Alvin and the Chipmunks 2: The Squeakquel.
