This marks the fifth consecutive month of increased price reductions , bringing the volume of price cuts back to more typical levels as of May. This is another clear indicator of the market returning to a more balanced market. While dramatic discounts aren't the norm, you might find sellers are a bit more flexible right now. As a recent article from The Street says, "homebuyers" are finding opportunities.
It's important to remember that most sellers still aren't adjusting their prices - just the ones who overpriced to start with. So, this isn't a sign of a crash, it's a sign of some sellers having outdated expectations in a shifting market.
On Whidbey Island, in the last 30 days, homes in South and Central Whidbey have been selling for an average of 97% of list price , while those in Coupeville and Oak Harbor have been achieving an average of 99% of list price. The median sales price in the last 30 days for South and Central Whidbey is
$728,000 , and for Coupeville & Oak Harbor, it's
$527,500. The average days to sell on Whidbey Island are around 50 days in the south and central areas and 34 days in Coupeville & Oak Harbor. These local statistics further emphasize the return to a more manageable and predictable market, offering buyers a chance to make well-considered decisions.
Bottom Line
This summer presents a powerful combination for buyers: more homes to choose from, less intense competition, and sellers showing greater flexibility on pricing. If you're ready to make a move and embrace the Whidbey Island lifestyle,
connect with a local Whidbey Island real estate agent. We'd love to help you navigate this unique market and take the next step toward finding your dream home.
What would finding the right home this summer mean for your next chapter on Whidbey Island?
