MARKET REPORT, NORTH CENTRAL WASHINGTON 3RD QTR 2024

Market Report for North Central Washington:

I believe the market holds some good trends for the rest of the year and into 2025 and The Market Report For North Central Washington 3rd Qt4 2024 supports that. I know people in real estate are fond of saying that  economy is national but real estate is local. Which is pretty true.

 CONSIDER THE KEY NUMBERS:

1. Closed Sales YTD are 832 an increase of 17% over 2023 at 709
2. Average sales price 2024 is $575K vs $537K in 2023 for an increase of 7%
3. If you are looking in todays market there were 226 Active listings at 9/30/24 vs 169 at 9/30/2023
4. The top area for buyers in terms of sold properties for the last 6 months were $401-$500K @ 126 and $501-$600K @ 100. Interestingly in the range of $900K-$1M 32 homes were sold or about 5 per month.

I have seen an up tick in our office too. Both in listings and in sales. I also know floor duty agents are reporting getting buyers or sellers off of floor duty. Six months ago this was seldom mentioned.

 WHO KNOWS WHAT THE FUTURE WILL HOLD:

Heading into the fall and an election the Federal Reserve has talked about further rate cuts. Though slowing them slightly Future Fed Rate Cuts. 

I Don’t really know what to think about the election effect on mortgage rates. But regardless of what I think, the the North Central Washington Market will go up and down but there are always people needing to buy or sell.

Interested in buying or selling? I caution about trying to out guess the market. I recommend if you are buying get qualified with a good lender . If you are selling think about first impressions, make you home look as good as you can get a good agent and remember “the market is the market… you don’t determine value nor does your agent it is truly the market that does” and it can be unforgiving.

Whether you are buying or selling give me a call or text (509-669-0354) or email me at www.wenatcheehomeswithperrin.com. Check out my recommendations at recommendations Should all else fail remember the three rules of real estate “Location, LOCATION, Perrin Cornell.