MARKET TRENDS

This graph shows the average days on market, which means the number of days from the date a property is listed, until the property goes Pending. It's good to note there are usually anywhere from a couple weeks to a couple months between the date a property goes Pending to the date the sale actually closes. The graph also shows the average difference between the listing price and the selling price of a property as a percentage of list price. So if the average is 90%, if a home is listed at $100,000 it will on average sell at $90,000.

Keep in mind that the better you price your home, the quicker it should sell.

This graph shows both the average price of the homes for sale on Whidbey Island in any given month, and the average price sold in any given month and the relationship between the two.

This graph shows how much of the current active listings (as a percentage) are being absorbed (or sold) each month. For instance, if there are 1,000 active listings and 100 of them sold in a given month, the rate of absorption would be 10%. 10% of the market is being sold in that given month.

This graph shows how many months supply of inventory we have on Whidbey Island based on pended homes. In other words, if no new listings were taken, how many months it would take until all properties were pending or sold. Six months of inventory is considered an average healthy market.