June 2024: Active listings have shown consistent month-over-month increases, with pending and sold transactions following typical seasonal trends. Over the last two months, there has been a notable influx of new listings, resulting in a significant rise in market inventory compared to previous periods. This abundance of options is especially beneficial for buyers who have been waiting for more choices.

In addition to increased inventory, the gradual decline in interest rates is enhancing buyers' purchasing power. While it remains a seller's market, these improving conditions are increasingly favorable for potential buyers.

New Listings: Our markets saw about the same number of new listings this June as last year at the same time, with 100 total new listings, with 55 properties on Camano Island, and 45 in Stanwood.

Active Listings: The Camano Island market is seeing Active listings over 50% more than the same time last year. The highest inventory in many months, there are a combined 165 homes currently listed in our markets.

Pending Sales: Exactly the same number of properties went pending in both areas-31 in each market for a total of 62 homes gone pending in June of 2024.

Sale Price: The average sales price has increased from last year, when we saw a slight dip in what homes were selling for. The average sales price is now slightly higher, at about $788,000 in our combined markets.