What’s happening
– Supply: Inventory is at 3.99 months, with a 10.53% increase month-over-month and 50% increase year-over-year.
– Price: The median sold price is $425,000, with a 3.67% MoM increase. Active listings are priced at $447,500.
– Days: Median days in RPR for sold listings are 47, with a 23.68% MoM increase in days on market.
Why it matters
– Simultaneous Buying and Selling: Inventory growth creates opportunities to find a new home while selling under favorable conditions.
– Market Timing Coordination: Rising days on market and inventory require strategic timing to optimize buying and selling outcomes.
Now what
1. Evaluate Your Timing: Assess market conditions for optimal buying and selling windows, focusing on inventory trends.
2. Price Strategically: Align list pricing with current median trends to attract buyers while securing your next home.
3. Prepare for Longer Sales: Anticipate longer market times; plan contingencies for seamless transitions between homes.
Washington County is home to attractions like the scenic Pike Lake Unit and vibrant West Bend downtown. Its diverse recreational options make it a well-rounded community.
For tailored guidance on navigating both buying and selling in Washington County, reach out to Rachael Kolbeck at CENTURY 21 Integrity Group via raekolbeck@gmail.com or call/text 262.305.2145