Skagit County Housing Update - Resale Only
new year kickoff
With the winter cleanup of unsold inventory complete, we are entering the year at the low point for unsold inventory. Additionally, there will be a low number of new listings that come onto the market during January and February. The Sales Activity Intensity™ will be at its highest as we head toward the spring market.
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE INTEREST RATES
3.18%
MONTHS SUPPLY SCALE
BACK TO TOP
KEY MARKET INDICATORS january 2023 (december Recap)
With fewer buyers looking to purchase homes, there are fewer homes coming onto the market which is leading to the shortage/low level of unsold inventory especially in the more affordable, mid-price+ range of homes. Heading into the spring market, we will increase one level of hotness of Sales Activity Intensity™ for new listings before the intensity settles down pre-summer when we can expect to see a higher number of new resale listings coming onto the market. Remember, it’s okay to buy and sell within same market timing.
Current housing market
