July 2020 Market Insights

With buyers continuing to leave the city for a suburban/rural lifestyle, we are seeing record low inventory in Stanwood and Camano Island. Currently, in Stanwood, we have 129 pending sales and 47 active listings, creating an all-time high pending ratio of 274%. Camano isn’t far off with 72 pending sales and 46 active listings, creating a 157% pending ratio.

We also measure months of inventory for both Stanwood and Camano. We have 27 days of inventory available, meaning if we stopped listing homes today, it would take 27 days to run out of inventory based on our current volume of closed sales. This has created what is called “activity intensity”, with the majority of homes selling within the first 30 days of hitting the market. If you are a buyer or seller, be ready to act quickly.

As home buyers and sellers have adjusted to the restrictions put in place by the COVID-19 pandemic, Our team is here to help you. We’ll continue to implement best practices to keep you and our team members safe by wearing masks, practicing social distancing, and taking added precautions when showing or visiting homes.

Take a look at the full report for Stanwood and Camano Island and, if you have any questions about the report or about buying or selling your home, send me a note! We look forward to continuing to serve you!

This post originally appeared on windermerestanwoodcamano.com