November 2024: Election years often bring short-term uncertainty, which can temporarily slow the market. However, long-term trends remain resilient. Home prices historically continue to rise year over year, regardless of political shifts.

For buyers and sellers, focusing on personal financial readiness and individual needs is far more productive than trying to predict policy changes. Economists are optimistic about a market boost in Spring 2025, driven by expected interest rate reductions.

Temporary disruptions may occur, but the fundamentals of real estate remain strong.

New Listings: The election month of November saw a very low number of new listings. There were only 44 homes brought onto the market, the lowest since January. That is 17% lower than the same month last year.

Active Listings: Inventory remains in the triple-digits for our combined markets, with 26 active homes in Stanwood and 87 on Camano Island.

Pending Listings: The number of homes that found buyers and went pending in November 2024 are the lowest they have been this year. Only 33 homes went pending this past month, 13 in Stanwood and 20 on Camano Island.

Sale Price: The average sales price across our two markets remains about $800,000, roughly 12% higher than at the same time last year.