Everett Real Estate Market Update: March 2018

A few days of snow in February didn't seem to slow the real estate market down one bit. Each month we like to take a look at the way things are trending in the Everett real estate market*. Let's kick things off with last month, February 2018:

Alrighty. For comparison, let's look at the month before that, January 2018:

Hot dog. Another large jump— average prices went from $370k in January to $395k in February. An increase of $25,000 in a single month. Days on market decreased slightly, and the number of homes sold shot up considerably. Is the Everett market just waking up for the year after its holiday hibernation?

For a broader comparison, let's check out this time last year, February 2017:

As per usual, here's where we see the bigger changes. So from Feb 2017 to 2018, average home prices went from $335k up to $395k. An increase of $60,000 or about 18%. The number of days on market shrunk this year and the number of homes sold increased— all signs of an increasing market.

The upward trend in demand for real estate doesn't seem to show any signs of slowing down. Is Everett going to get too expensive? Are you ever going to be able to afford a home? We don't know, but we'll certainly be back every month to keep you updated.

*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single family homes and condos.

Some Everett Real Estate Resources:

Mortgage Loans
Richard Porter's article on local mortgage company New American Funding.
Local mortgage pro Michelle Bruto Da Costa on the Live in Everett Podcast.

Realtor
Need to find the best local agent for you? We can help with that.

Rental
Check out our Everett Rental Guide.