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NWMLS Market Snapshot – March 2021 Data

Looking at the data for March, we continue to see inventory still at an all time low and prices of homes increasing. The data and images you see on this blog are for all the NWMLS.

Snohomish County had an Average Sales Price of $567,773, a huge 11.5% increase, for all property types over March 2020. King County’s Average Sales Price was $822,790, an increase of 10%, for all property types over March 2020.

Closed Sales Data

Snohomish County Median Days on Market decreased from 12 in March 2020 to 6 days, down 50%! King County Median Days on Market decreased from 12 days to 7 days, down nearly 42%!

Inventory Data

Snohomish County inventory is at 1 month of supply, down 41.2% from 1.7 months of supply in March 2020. King County is at 1.5 months of supply, down 25% from 2 months in March 2020. This is a slight increase in inventory level over what we saw last month. Good news? I hope so!

Bottom Line

Four months into 2021 and the market temperature is still a HOT seller’s market. In nearly all homes for sale, sellers are receiving multiple offers. If you’re interested in selling your home, this is a great time to get it sold for the best price. If you’re interested in buying and taking advantage of the low interest rates, I have successfully won on multiple offer situations with my buyer clients! Let’s talk about strategy!

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