Click on the Charts to EnlargeThese two graphics compare total sales of homes in the Sequim and Port Angeles areas (excluding new construction) in the first nine months of 2007 and 2006 (below). It’s an interesting comparison in light of all the doom and gloom talk about the real estate market. We are down, but not by alarming proportions. The total number of houses sold in the first nine months of 2006 was 758, and in 2007 it was 697. That’s a decline of only eight percent (8%). This does not include new construction, which we will look at later.
Click on the Charts to EnlargeBuyers are still buying, and this is good news for sellers. The key is pricing your home right. Overpriced listings will get stale in this market, while the house down the street sells within 60 to 90 days. If a house is overpriced, the window of opportunity with those who would have made an offer is closed. Those buyers are probably gone forever. Only the houses that are priced right are included in the above chart statistics.
Last Updated on September 20, 2019 by Chuck Marunde
