Home Buyer EducationReal EstateReal Estate MarketWhidbey Island Real Estate Market January 13, 2026

Whidbey Island Lender Pre-Approval: Why It Should Be Your First Step (Not an Afterthought)

House hunting is exciting. But on Whidbey Island, the smartest first move isn’t touring homes—it’s getting pre-approved. Pre-approval helps you understand your true buying power and puts you in a stronger position when it’s time to write an offer.

Whidbey Island pre-approval first step before house hunting

1. Pre-approval helps you shop with confidence

Scrolling listings is easy. Knowing what you can comfortably afford is what makes your search productive. A pre-approval is more involved than a quick pre-qualification because a lender takes a deeper look at your finances and credit. That gives you a clearer range to shop within and helps you avoid falling in love with a home that doesn’t match your budget.

If you’re just starting your journey, this local guide can help you think through readiness and next steps: Ready to Drop Anchor on Whidbey Island? Here’s Your Guide to Home Buying Preparedness!

2. Pre-approval can make your offer stronger

When a great home hits the market—especially something move-in ready or with a view—sellers want confidence that a buyer can perform. A pre-approval letter helps show you’re serious and financially prepared. It can also make timelines and terms easier to negotiate, because your financing is already moving in the right direction.

Pre-approval letter and offer paperwork on a table

3. Pre-approval helps the closing process go smoother

Pre-approval won’t remove every surprise, but it does reduce uncertainty. Since key documentation has already been reviewed, you can often move through the financing steps with fewer delays. That matters when you’re trying to line up inspections, appraisals, closing dates, and moving plans.

4. Why working local matters on Whidbey

Whidbey isn’t a cookie-cutter market. From well/septic considerations to waterfront and view premiums, buyers do best when they build a team that knows the island. That includes working with local lenders who understand our timelines and can communicate quickly when it matters most.

Whidbey Island home financing concept with calculator and coastal home

The Bottom Line

If buying is on your radar this year, start with Whidbey Island pre-approval. It keeps your search focused, helps your offer compete, and gives you a clearer path forward.

Want an introduction to our preferred local lenders? Reach out to one of our Whidbey Island specialists and we’ll connect you with trusted professionals who can help you map out the best financing plan for your goals. Contact Windermere Whidbey here.

If you’d like to start browsing while you line up financing, you can also explore current inventory here: Whidbey Island property search.


Written by Si Fisher

Real EstateReal Estate MarketSeller Education January 5, 2026

3 Reasons to Be Optimistic About the Whidbey Island Housing Market in 2026

If you’ve been following the national real estate headlines, you might feel like the market is stuck in a holding pattern. But when you zoom in on the Whidbey Island housing market in 2026, there are some real reasons for optimism—especially for buyers and sellers who plan ahead and lean on local data.

Below are three practical trends to watch as we head into 2026, plus what they may mean here on Whidbey Island.

Optimistic Whidbey Island housing market 2026 outlook

1. More inventory = more opportunity (and less pressure)

For the past few years, one of the biggest frustrations for Whidbey Island buyers has been limited selection. When inventory is tight, buyers feel rushed, and the “perfect” home can be hard to find.

As inventory improves, the market tends to function better for everyone. Buyers get more choices and more time to evaluate homes, and sellers benefit from a larger pool of informed, ready buyers who can compare options and still choose what fits best.

If you want to see how inventory and activity have been trending locally, start with our Whidbey Island market trend graphics.

Collage of diverse Whidbey Island home styles representing more inventory choices

2. Rates may stabilize (which helps planning)

Even small shifts in mortgage rates can change monthly payments—and buyer confidence—quickly. While nobody can promise where rates will land, most forecasts point toward a more stable environment in 2026 compared with the sharp swings we’ve experienced.

Stability matters because it helps buyers budget more confidently and helps sellers predict demand. It also helps homeowners who have been “waiting it out” feel more comfortable making a move—often bringing more listings to the market.

3. A more balanced market can be a healthier market

In Whidbey Island real estate, the strongest results often happen when expectations are realistic: well-prepped homes, priced correctly from day one, still get attention—especially move-in-ready homes and properties with views.

Meanwhile, homes that need work (or are priced too high) may take longer and require stronger negotiation. This kind of balance can actually be healthy: buyers don’t feel forced into rushed decisions, and sellers who do the right prep are rewarded.

If you’re exploring what’s available right now, you can browse current opportunities using our Whidbey Island property search.

The Bottom Line

The Whidbey Island housing market 2026 outlook isn’t about “boom” or “bust”—it’s about a market that may finally operate with a little more breathing room and predictability.

If you’d like help applying these trends to your neighborhood (South Whidbey, Central Whidbey, or North Whidbey), reach out and we’ll talk strategy. Contact us here.


Written by Si Fisher

ListingsReal EstateReal Estate MarketSeller Education December 29, 2025

Headlines Have You Worried About Your Home’s Value? Read This.

Headlines Have You Worried About Your Home’s Value? Read This.

If you’ve been scrolling through national news feeds lately, you might be feeling a little uneasy about the housing market. Sensational headlines about “crashing prices” or “frozen markets” are designed to get clicks, but they often miss the mark when it comes to what is actually happening in our local neighborhoods.

Real estate is hyper-local. What happens in Phoenix or Austin doesn’t necessarily reflect what is happening in Langley, Coupeville, or Oak Harbor.

Relaxing on a Whidbey Island deck overlooking Puget Sound, representing stable home values

If you are a Whidbey Island homeowner wondering what your home is really worth in today’s market, here is the local reality based on our latest market trends.

1. Whidbey Island is Seeing More Activity, Not Less

While some headlines suggest buyers are disappearing, our local data tells a different story. According to our office’s latest trend graphics for November 2025, Pending Sales are up a massive 28% compared to this time last year.

This is a critical indicator. It means that despite interest rate fluctuations, buyers are actively writing offers and getting under contract. We also saw a 7.6% increase in closed sales year-over-year. The demand for island life remains robust.

Sold sign in front of a Whidbey Island cottage with a view

2. More Inventory = More Balance

You might see that the number of homes for sale is up by roughly 27% compared to last year. While a spike in inventory can sound alarming, in our case, it represents a return to a more balanced, “neutral” market.

For years, we suffered from a chronic lack of inventory that made it frustrating for buyers. Now, buyers have more choices, which is why we are seeing that jump in pending sales. The market isn’t stalling; it’s functioning.

3. The Balance of Power is Shifting (Again)

The story of 2025 hasn’t been one-sided. For much of the year—especially in South Whidbey—buyers enjoyed significant leverage. We saw frequent price reductions and successful negotiations in the buyer’s favor, particularly for homes that needed work or were priced aggressively.

However, the market is shifting again. In the fourth quarter, as the number of new listings has seasonally dipped, leverage has begun to swing back slightly toward sellers. High-quality inventory is scarce.

The Takeaway? It is a bifurcated market. Move-in ready homes and properties with views are still selling quickly and for top dollar. Meanwhile, properties that require updates may still see longer market times. Correct pricing is more critical now than ever.

Whidbey Island real estate market analysis report and map

The Bottom Line

Don’t let national fear-mongering derail your plans. The data shows that the Whidbey Island market is active, balanced, and resilient.

If you are thinking of selling, you don’t need to panic—you just need a strategy. Connect with us to help you navigate this shifting market with confidence.

Curious about your specific home’s value? Ignore the algorithms and get a real analysis. Request a custom home valuation from a local expert today.


Written by Si Fisher

ListingsReal EstateReal Estate MarketSeller Education December 22, 2025

Planning to Sell Your House on Whidbey Island in 2026? Start Prepping Now

Planning to Sell Your House on Whidbey Island in 2026? Start Prepping Now

If you have plans to sell your home in 2026, you might think you have plenty of time. But as any Whidbey Island local knows, “island time” doesn’t apply when you’re prepping a property for the spring market! The most successful sellers don’t wait until the “For Sale” sign goes up to start getting ready; they begin months in advance.

2026 calendar and home preparation checklist on a wooden table with Whidbey Island view

Whether you are in Clinton, Langley, Freeland, Greenbank, Coupeville, or Oak Harbor, getting a head start now can make your transaction smoother and potentially more profitable. Here is your checklist for getting your Whidbey home market-ready for 2026.

1. Connect with a Local Expert Early

Real estate on Whidbey Island is unique—from understanding ferry traffic impacts to navigating septic inspections and critical area designations. Before you lift a paintbrush, it pays to consult with a professional who knows these local nuances.

A Windermere Whidbey agent can provide a Comparative Market Analysis (CMA) to help you understand your home’s current value. They will also guide you on which improvements will offer the best return on investment (ROI) in our specific market.

Whidbey Island cottage with sold sign and blooming garden

2. Tackle the “Honey-Do” List

We all have that list of small repairs we’ve been putting off. In a competitive market, buyers notice the details. Leaky faucets, scuffed baseboards, or a loose deck railing can signal to buyers that the home hasn’t been maintained.

On Whidbey, securing contractors can sometimes take longer than on the mainland due to high demand. Starting your repairs now ensures you aren’t scrambling to find a handyman a week before listing.

3. Declutter and Depersonalize

When buyers walk into your home, they need to envision their life there, not yours. This is especially true for our vacation home market, where buyers are often looking for a serene retreat.

Start packing away personal items, family photos, and excess furniture. This not only makes your rooms look larger but also gives you a head start on your own move.

Pro-Tip: If you have a view of the water or mountains, ensure your furniture arrangement highlights it! View properties are a premium here; don’t block the money shot with a bulky sofa.

Calculator and estimated net proceeds sheet with Whidbey Island view

4. Understand the Costs

Selling a home involves more than just collecting a check. From excise taxes to potential staging costs, it’s vital to have a clear financial picture before you list. Knowing your net proceeds helps you budget effectively for your next move, whether you’re staying on the island or heading off-island.

Bottom Line

2026 will be here before we know it. By starting your preparations now, you can enter the spring market with confidence.

Ready to get started? We are here to help you every step of the way. Connect with a Windermere Whidbey agent today to build your custom selling plan.


Written by Si Fisher

Real Estate MarketWhidbey Island Real Estate Market July 23, 2025

Whidbey Island Real Estate Market Trends July 2025

Whidbey Island Real Estate Market Trends & Homes For Sale | Windermere Whidbey

Whidbey Island Real Estate

Your Mid-Year Market Report: July 2025

The Market is Shifting on Whidbey Island

Welcome to your comprehensive guide to the Whidbey Island real estate market for mid-2025. Serving South Whidbey (Langley, Clinton, Freeland), Central Whidbey (Coupeville, Greenbank), and North Whidbey (Oak Harbor), we bring you the latest insights into homes for sale, market trends, and expert analysis. After a dynamic start to the year, the Whidbey Island housing market is showing clear signs of a transition. A surge in available homes is creating new situations for both buyers and sellers. Here's what you need to know to navigate this evolving landscape.

Homes For Sale

299

+38.4%

Currently 299 homes for sale as of July 20, 2025. This represents a 38.4% increase compared to the same period in July 2024 (216 homes) and a 16.3% increase from the previous month-to-date (257 homes). The number of homes for sale has nearly doubled since January 2025 (142 homes).

Time to Sell

55

+66.7%

The average Cumulative Days on Market (CDOM) is 55 days as of July 20, 2025. This is a significant 66.7% increase compared to July 2024 (33 days) and a 48.6% increase from the previous month-to-date (37 days), indicating homes are taking longer to sell.

Months of Inventory

3.7

+27.9%

Months of Inventory (based on closed sales) stands at 3.7 months as of July 20, 2025. This is a 27.9% increase compared to July 2024 YTD (2.9 months) and a 22.4% increase from the previous month-to-date (3.3 months), showing a continued shift towards a more balanced market.

The Price Disconnect: Asking vs. Selling

Whidbey Island seller expectations remain high, with average asking prices climbing throughout the year. However, actual sold prices have recently dipped, showing that Whidbey Island buyers are becoming more price-sensitive. This growing gap is a key indicator of a cooling market, emphasizing the importance of realistic pricing for Whidbey Island homes.

Explore Whidbey Island Real Estate Opportunities

Whether you're searching for a cozy beachfront cottage, a sprawling rural estate, or a vibrant community home, Whidbey Island offers diverse real estate options. Browse our extensive listings and find the perfect property to fit your lifestyle.

Whidbey Island Waterfront Homes

Waterfront & View Properties

Discover stunning Whidbey Island waterfront homes and properties with breathtaking Puget Sound views. View Waterfront Listings

Homes for sale in Oak Harbor

Oak Harbor & North Whidbey

Explore family-friendly neighborhoods and properties in Oak Harbor, the largest city on Whidbey Island. Find Homes in Oak Harbor

Homes for sale in South Whidbey

South Whidbey Charm

From the artistic community of Langley to the serene landscapes of Freeland and Clinton, find your perfect South Whidbey home. Search South Whidbey Homes

Supply is Surging: More Choices for Buyers

The number of homes for sale has been climbing steadily all year, nearly doubling since January. This is the most significant factor changing the market, giving Whidbey Island buyers more options and reducing the intense competition seen in previous years. This trend creates a more favorable environment for finding your ideal Whidbey Island property.

Patience is Key: Homes Are Taking Longer to Sell

The rapid sales of early spring have given way to a much slower pace. The average time a home spends on the market spiked dramatically in July, a direct result of more inventory and cautious Whidbey Island buyers. This means sellers need to be prepared for a longer marketing period.

The Power Shift: Understanding Months of Inventory

"Months of Inventory" tells us how long it would take to sell all available homes at the current sales pace. Whidbey Island is rapidly moving from a strong seller's market toward a more balanced environment, giving buyers increased leverage. This is a crucial metric for understanding current Whidbey Island housing market conditions.

What This Means For You in the Whidbey Island Market

Advice for Whidbey Island Buyers ✅

  • You Have More Options: With Whidbey Island inventory up, you can take more time to find the right home without the intense pressure of a bidding war.
  • Negotiation is Back: The data shows Whidbey Island sellers are not always getting their asking price. Don't be afraid to negotiate on price and terms.
  • Be Patient: A longer sales cycle means you can perform thorough due diligence. Use this time to your advantage.
  • Explore Buyer Resources & Guides

Advice for Whidbey Island Sellers 🔑

  • Price Realistically: The Whidbey Island market has shifted. Overpricing your home could lead to it sitting on the market. Price it right from the start.
  • Presentation Matters: With more competition, your home needs to stand out. Invest in staging, professional photos, and curb appeal to attract Whidbey Island home buyers.
  • Prepare for a Longer Timeline: Homes are taking longer to sell. Be prepared for the carrying costs and a potentially longer negotiation period.
  • Get Your Free Home Valuation

Why Choose Whidbey Island?

Beyond the market numbers, Whidbey Island offers an unparalleled lifestyle. From the stunning natural beauty of its beaches and forests to its vibrant local communities, art scenes, and farm-to-table dining, Whidbey Island provides a unique blend of tranquility and activity. Whether you're drawn to the charming towns of Langley and Coupeville, the military presence in Oak Harbor, or the peaceful rural settings of Freeland and Greenbank, there's a perfect spot for everyone. Learn more about Life on Whidbey Island.

Whidbey Island Lifestyle

Connect with a Whidbey Island Real Estate Expert

Navigating the Whidbey Island real estate market requires local expertise. Our team of dedicated local experts at Windermere Whidbey is here to provide personalized guidance, detailed market insights, and strategic support for your buying or selling journey. Let's discuss your goals and how we can achieve them in this evolving market.

Data sourced from the Facts & Trends™ report for Whidbey Island (Areas 811, 812, 813) published July 2025. Analysis based on single-family homes.

This infographic was generated based on provided data and does not constitute financial advice. For personalized advice, please contact us.

Real EstateReal Estate MarketWhidbey Island Real Estate Market July 9, 2025

Local Look: Western Washington Housing Update – A Whidbey Island Perspective

Local Look: Western Washington Housing Update – A Whidbey Island Perspective

This report provides a Local Look at the June 2025 Northwest MLS data, with a keen eye on how it impacts the Whidbey Island real estate market. There have been interesting shifts, and this analysis aims to offer a straightforward perspective, blending broader market insights with our hyper-local reality. The primary focus for tracking market supply and demand includes closed and pending sales, reflecting demand, and new and active listings, indicating supply.

Screenshot 2025-07-09 151030

I. The Northwest MLS Residential Sales: A Broader View

Following a dip in closed sales in May, which was attributed to fallout from stock market fluctuations and economic turmoil in April, the housing market has shown a rebound. June’s residential closed sales across the Northwest MLS were almost precisely at their year-ago level. Pending sales for single-family homes experienced a 3% year-over-year increase. On the supply side, new listings increased by approximately 12% this June, and the total of active listings at month-end was 37% higher than June 2024’s inventory. While this represents a significant increase in inventory, the pace of year-over-year growth has slightly decelerated from the 39% observed last month.

Slide1

The median sale price for closed single-family home sales climbed 3% from last year, reaching $695,000. This reverses the 1% decline seen in May and establishes a new high-water mark for the year, exceeding the $680,000 price level in April. This indicates that buyers across Washington re-engaged with the market in June, driving both increased sales and higher prices. However, the current high level of inventory suggests that buyers will likely gain more negotiating power later this summer.

Slide2

II. Whidbey Island Real Estate: Our Local Snapshot

Let's narrow our focus to our beloved Whidbey Island. While the broader Western Washington market provides context, a more precise understanding comes from examining our local communities. When it comes to Whidbey Island homes for sale, we track distinct trends, particularly in areas like Coupeville, Oak Harbor, Langley, Freeland, Clinton, and Greenbank.

Closed Sales: A Mixed Bag, Locally Speaking

Residential closed sales in the four-county greater Seattle area saw a slight dip of just half a percent year-over-year. This was largely due to a 3% gain in King County offsetting minor declines in other counties. King County's recovery is particularly notable after its significant 14% year-over-year decline in May, suggesting that some buyers re-entered the market after an earlier pause.

On Whidbey Island, the latest data provides further insight into sales activity:

  • For Coupeville & Oak Harbor, 382 homes have sold year-to-date, representing a notable 14% increase from 2024.
  • In the combined South and Central Whidbey region (Clinton, Langley, Freeland & Greenbank), 143 homes have sold year-to-date, though this indicates an 11% decrease from 2024.

This demonstrates a clear divergence in sales volume across the island, with the northern part experiencing robust growth while the southern/central areas show a slight contraction. Understanding these hyper-local nuances is crucial, highlighting the benefit of partnering with a Whidbey Island Specialist.

Slide3

Median Sales Prices: Whidbey Island's Upward Trajectory

While Snohomish County experienced a 2% decrease in median sale price, King County led with a 7% gain, surpassing the million-dollar mark once again. Kitsap and Pierce counties also saw price increases of 4% and 5%, respectively.

For Whidbey Island, median sales prices continue to show strength:

  • In Coupeville & Oak Harbor, the median sales price over the last 30 days is $534,000, with an average sales price of $582,784. Homes in these areas are selling for an average of 97.5% of the list price.
  • For Clinton, Langley, Freeland & Greenbank, the median sales price over the last 30 days stands at $806,250, with an average of $917,023. These properties are achieving an average of 97% of their list price.

These figures underscore the continued vitality of the Whidbey Island real estate market, reflecting consistent buyer demand.

Slide4

Pending Sales: Mixed Signals

Looking ahead, pending sales across the greater Seattle region returned to modest year-over-year increases, totaling 3%. This was led by an 11% rise in Pierce County and a 4% rise in King County, though partially offset by declines of 4% in Kitsap and 5% in Snohomish County.

For Whidbey Island, weekly reports indicate:

  • In Coupeville & Oak Harbor, there are currently 19 pending homes, with 8 properties experiencing price reductions. Over recent weeks, pending sales have fluctuated, peaking at 43.
  • The Clinton, Langley, Freeland & Greenbank region currently has 10 pending homes and 10 price reductions. This area recently saw a peak of 20 pending homes.

This mixed activity in pending sales suggests that while demand is present, buyers are becoming more discerning, a trend that active listings will further emphasize.

Slide5

Inventory Growth: Opportunities for Buyers

On the supply side, the four-county greater Seattle area had nearly 9,000 active listings at the end of June, representing a 40% increase from the same time last year. While substantial, this gain is a smaller percentage than the 45% year-on-year growth observed in May, indicating a deceleration in the inventory buildup.

Here on Whidbey Island, inventory levels reveal an interesting narrative:

  • For Coupeville & Oak Harbor, there are currently 169 homes for sale. This translates to 3.0 months of inventory based on solds and 2.9 months based on pendings. This suggests a market that is largely balanced, leaning slightly towards sellers.
  • The Clinton, Langley, Freeland & Greenbank region has 141 homes for sale. This represents 5.1 months of inventory based on solds and 5.4 months based on pendings. This notably higher inventory level shifts the balance more towards buyers in these areas.

This increasing inventory is favorable for buyers, offering more choices and potentially greater negotiating power as the summer progresses. For sellers, it underscores the importance of a well-presented and effectively priced property from the outset. Explore available homes through our Our Active Listings page.

Slide6

III. Looking Ahead for Whidbey Island

The June report confirmed that greater-Seattle-region buyers re-engaged with the market in June, marking a return to a "new normal" in sales activity after a pause in April. As the seasonal cooldown in demand is anticipated, coinciding with the peak of summer, the market dynamic is likely to favor buyers who continue their home search in the second half of the year. Furthermore, increased inventory is expected to introduce some competitive pressure on sellers who have yet to receive offers.

For those considering a move to our beautiful island, exploring our Explore Whidbey Island guides can provide invaluable insights into communities like Coupeville, Oak Harbor, Langley, Freeland, and Greenbank.

The Whidbey Island Advantage: Partnering with a Local Expert

Statistics only tell part of the story. The true value lies in understanding how these numbers apply to your specific real estate goals on Whidbey Island. Whether buying a piece of island paradise or selling a current home, partnering with a local expert is essential. Windermere brokers on Whidbey Island possess an intimate knowledge of its diverse neighborhoods, unique features, and evolving market dynamics. The focus extends beyond mere transactions to fostering connections and building community—a reflection of the "Human Algorithm" philosophy in action.

Don’t just navigate the Whidbey Island real estate market; master it. We are here to provide the insights, strategies, and local connections that make all the difference. Ready to make a move? Connect with us today.

Are you ready to make your real estate goals a reality?

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UncategorizedWhidbey Island Real Estate Market June 19, 2025

3 Reasons To Buy a Home This Summer on Whidbey Island

3 Reasons To Buy a Home This Summer on Whidbey Island


Are you dreaming of finding your perfect spot among the natural beauty and vibrant communities of Whidbey Island, but wondering if now’s the right time to buy? Many are observing the market, trying to predict its next move. But here’s a tip from your local Whidbey Island real estate expert: this summer just might be the opportune moment to buy a home on Whidbey Island. Let's dive into three compelling reasons why.
Screenshot 2025-06-19 134108

1. You Have More Negotiating Power


After several years where sellers held the upper hand, the scales are starting to balance. The market has shifted, and buyers are regaining their negotiating power as a result. In the period from 2021 through roughly 2023, there were significantly more buyers (blue line) looking to buy than homes for sale (green line), which fueled intense competition, bidding wars, and rapid price growth. Now, with more sellers active in the market than buyers, the dynamic has changed.
Screenshot 2025-06-19 134231
This shift means sellers may be more open to discussions about repairs, covering some closing costs, or even adjusting their asking price. This return to a more balanced market is a sign of a healthier, more sustainable environment for everyone. As Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), wisely points out: "... with housing inventory levels reaching five-year highs, homebuyers in nearly every region of the country are in a better position to negotiate more favorable terms". And for those wondering if there are too many homes on the market, rest assured. While overall inventory is still lower than normal, so you don't have to worry about a nationwide oversupply or a crash.

2. You Have More Choices for Whidbey Island Homes


Good news for Whidbey Island homebuyers: the number of homes for sale has notably improved. Based on the latest data from Realtor.com, more homes were listed this May than in May 2024 or May 2023.
Screenshot 2025-06-19 134537
More homes for sale means more choices for you. Your ideal Whidbey Island home could have just hit the market, or it might be coming soon! This is an excellent time to explore the diverse properties available across the island, from the serene shores of Clinton, Langley , and Freeland to the bustling communities of Greenbank , Coupeville , and Oak Harbor. This sentiment is echoed by Jake Krimmel, Economist at Realtor.com, who notes, "With more fresh inventory hitting the market, buyers have better opportunities to find a home that fits their needs". Locally on Whidbey Island, as of June 16, 2025, we have 126 single-family homes and condos for sale in South and Central Whidbey (Clinton, Langley, Freeland, Greenbank) and 148 in Coupeville & Oak Harbor. This gives buyers a solid selection to explore.

3. You May See More Flexibility on Price


With an increased number of homes for sale, they're not selling at the same frenzied pace they were just a few years ago. Since homes are taking more time to sell, some sellers are choosing to lower their asking prices to draw buyers back in or speed up the process. And that's to be expected. According to Realtor.com, 19.1% of listings had a price cut this May.
Screenshot 2025-06-19 134758
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?

Are you ready to make your real estate goals a reality?

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New home in Anacortes overlooking coastal water, forested islands and distant mountains

New Homes for Sale in Anacortes, WA | Windermere

Explore new homes for sale in Anacortes, WA, including new construction, recently listed homes and move-in-ready properties on Fidalgo Island. Start with current listings, then compare locations, utilities, waterfront and view considerations, regional travel and other details that can materially affect your decision to buy a home in Anacortes. View Active Anacortes Homes → Ask […]
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New home in Oak Harbor with coastal water and distant mountains

New Homes for Sale in Oak Harbor, WA | Windermere

Explore new homes for sale in Oak Harbor, WA, including new construction, recently listed homes and move-in-ready properties in the largest city on Whidbey Island. Start with current listings, then compare neighborhoods, utilities, NAS Whidbey aircraft activity, off-island travel and other details that can materially affect your decision to buy a home in Oak Harbor. […]
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New home in the Port Townsend area overlooking coastal water and distant mountains

New Homes for Sale in Port Townsend, WA | Windermere

Explore new homes for sale in Port Townsend, WA, including new construction, recently listed homes and move-in-ready properties in and around this historic Olympic Peninsula seaport. Start with current listings, then compare location, utilities, historic-property considerations, ferry access and other details that can materially affect your decision to buy a home in Port Townsend. View […]
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Real EstateReal Estate MarketUncategorizedWhidbey Island Real Estate Market June 4, 2025

A Whidbey Island Look: Making Sense of the Shifting Real Estate Market

A Whidbey Island Look: Making Sense of the Shifting Western Washington Real Estate Market

Hi, I'm your friendly Whidbey Island real estate specialist. In the world of real estate, having a savvy local expert by your side is like having a lighthouse in a storm—especially now. While economists paint broad strokes about the Western Washington housing market, what's truly happening on our beautiful island? Let's dive into the latest data and translate what it means for you.

The recent chatter across the real estate world, sparked by Windermere's Chief Economist Jeff Tucker's latest analysis, has been about a market in flux. A pullback in April's pending sales, influenced by stock market jitters and political announcements, led to fewer closed sales in May across the Northwest MLS. But as the stock market found its footing, the housing market is also showing signs of a comeback.

But the big question is: How does the wider regional story translate to the unique Whidbey Island real estate market? Let's look at the key metrics for our local communities.

Windermere Economics Local Look with Jeff Tucker

1. Closed and Pending Sales: A Tale of Two Markets

Across the entire Northwest MLS, closed single-family home sales saw a 3% dip in May compared to last year, a direct echo of April's uncertainty. Pending sales, a more current indicator of buyer demand, flattened out year-over-year after a 4% drop in April, suggesting a rebound.

Here on Whidbey, however, we're marching to the beat of our own drum. While the region is seeing a slight cooling, the island's market is showing resilience. Thinking of buying or selling on the island? Understanding these nuances is key. Partnering with a Whidbey Island Specialist ensures you're not just getting general data, but actionable, hyper-local insights.

Chart showing NWMLS closed sales fell slightly year over year in May

2. Listings & Inventory: More Choices for Whidbey Buyers

On the supply side, the story for Western Washington is one of significant growth. New listings jumped by 13% across the NWMLS, and active listings ended May a whopping 39% higher than in 2024. This is great news for buyers, who now have the most options they've seen in years.

This trend holds true for the Whidbey Island real estate market. This expanding inventory offers a golden opportunity for buyers to find their perfect island retreat without the intense competition of recent years. For sellers, it means that strategic pricing and presentation, guided by a local expert, are more important than ever.

Chart showing NWMLS inventory growth continues

3. Median Sale Prices: The Whidbey Island Distinction

Regionally, the median price for a single-family home slipped by 1% to $677,500, a pause in price appreciation caused by more inventory and cautious buyers. The greater Seattle area saw prices dip slightly, heavily influenced by a 1.2% drop in King County.

But here's where hiring a Whidbey Island Realtor truly pays off. Our local market tells a different, more positive story. Far from declining, our property values are holding strong, demonstrating a continued, robust demand for the island lifestyle.

Chart showing real estate prices still rose outside King County

Putting It All Together for Whidbey Island

While regional reports provide a good map, you need a local guide to navigate the terrain. The Whidbey Island real estate market is proving to be robust and distinct from the broader Western Washington trends. We have growing inventory, which is a significant win for buyers, coupled with strong property values, which is excellent news for sellers.

Economic uncertainty and mortgage rates around 7% are still factors, of course. But the data shows that the dream of island living is alive and well. Buyers have more choices, and sellers can be confident in the enduring value of their investment.

Whether you're looking to sell your property or find your forever home in Langley, Oak Harbor, Coupeville, or anywhere in between, the market holds promise. Let's connect and discuss how these trends create opportunity for you. With a dedicated Whidbey Island Realtor, you'll have the expert partnership you need to achieve your real estate goals with confidence.

EventsThings to do on WhidbeyWritten by our Agents March 20, 2024

Whidbey Island’s Ultimate Guide to Easter Egg Hunts

Whidbey Island's Ultimate Guide to Easter Egg Hunts

Contributed by Si Fisher

Easter on Whidbey Island is like opening a giant, community-wide Easter egg: filled with surprises, wrapped in the beautiful scenery of the Pacific Northwest, and, let's be honest, probably a bit more chocolate than anyone needs. This year, the island is hopping with activities for everyone from the tiniest of tots to adults who are kids at heart. Here's your golden egg of information on where to find the fun!

Holmes Harbor Rod & Gun Club: An Egg-ceptional Start

Kick-off your Easter weekend with a bang at the Holmes Harbor Rod & Gun Club on March 30, at noon. Kids 11 and under are invited to hunt for Easter treasures, enjoy prizes, and munch on hot dogs. And for a little extra magic, the local 4H group will introduce some adorable animals. Don't forget your basket, and try to hop in by 11:30 AM to catch all the fun.

Date & Time: March 30, Noon - 1:00 PM

Location: 3334 Brooks Hill Road, Langley, WA 98260

CLICK HERE FOR MORE DETAILS

 

Clinton Easter Egg Event: Where Fun Meets Fizz

Prefer a hunt with a side of fizz? Head to The Thirsty Crab Brewery on March 30, from 10:00 AM to 12:00 PM, for an egg-stravaganza that includes more than just hunting for eggs. This event is bursting with activities – think Easter Bunny photos, a bouncy castle, and crafts, making it a perfect family outing. Plus, with age-appropriate hunts for those 12 and under, every child gets a fair crack at finding those hidden treasures.

Date & Time: March 30, 10:00 AM - 12:00 PM

Location: Thirsty Crab Brewery, 9000 SR 525, Clinton

CLICK HERE FOR MORE DETAILS

 

Meerkerk Gardens: A Blooming Good Time

Hop your way to Meerkerk Gardens for an Easter Egg Hunt amidst flowers in peak bloom! On March 30, with hunts at 11 AM and again at 2 PM, children 10 & under can explore this botanical paradise for hidden eggs. Little explorers up to age 5 have their own special area near the Gazebo, while the 6-10-year-olds embark on their adventure in a separate spot. Don't miss the chance to meet the Meerkerk Bunny and experience the gardens during the most enchanting time of the year.

Date & Time: March 30, 11:00 AM - 2:30 PM

Location: 3531 Meerkerk Lane, Greenbank

CLICK HERE FOR MORE DETAILS

 

Whidbey Farm & Market: Eggs, Candy Cannons, and Easter Bunnies, Oh My!

Next on the list, Whidbey Farm & Market is pulling out all the stops for their 2nd annual Easter event, happening on the last two weekends in March. Families can enjoy an egg hunt, a candy cannon, a bouncy house, and a meet-and-greet with the Easter Bunny. And for the adults? An Easter Egg Hunt under the stars on March 29th, with over $500 worth of prizes, games, bonfires, and music to keep the festive spirit alive.

Date & Time: March 30, 11:00 AM - 3:00 PM

Location: 1240 Arnold Road, Oak Harbor

CLICK HERE FOR MORE DETAILS

Oak Harbor Easter Egg Hunt: Trees, Treats, and Treasures Galore!

Join the Oak Harbor Main Street Association for a cherished community event at Smith Park. On March 30, from 11:30 AM to 1:00 PM, families can enjoy a sensory-friendly hunt before the main event at 12:30 PM for kids up to age 10. It’s not just about the eggs; learn about the majestic Garry Oak trees and snag some free books in this educational and fun-filled outing.

Date & Time: March 30, 11:30 AM - 1:00 PM

Location: Smith Park, SE Midway Boulevard & SE 9th Avenue, Oak Harbor

CLICK HERE FOR MORE DETAILS

The Hunt for the Perfect Home

Between the egg hunts and the Easter Bunny meet-and-greets, we're reminded of the joys of community and the warmth of coming home. In the spirit of new beginnings this Easter, why not consider finding your perfect nest on Whidbey Island? Working with a local broker who knows the island inside and out can crack open a world of opportunities, whether you're buying, selling, or just exploring your options. Remember, the best hunts end with finding exactly what you were looking for, and in real estate, it's no different.

Happy Easter!

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FinancingHome Buyer EducationReal EstateReal Estate MarketSeller EducationStatsWhidbey Island Real Estate Market December 4, 2023

Top 10 Housing Predictions for 2024

Matthew Gardner’s Top 10 Housing Predictions for 2024


This video shows Windermere Chief Economist Matthew Gardner’s Top 10 Predictions for 2024. Each month, he analyzes the most up-to-date U.S. housing data to keep you well-informed about what’s going on in the real estate market. See more market insights on our blog here. 


Matthew Gardner’s Top 10 Predictions for 2024

1. Still no housing bubble

This was number one on my list last year and, so far, my forecast was spot on. The reason why I’m calling it out again is because the market performed better in 2023 than I expected. Continued price growth, combined with significantly higher mortgage rates, might suggest to some that the market will implode in 2024, but I find this implausible.

2. Mortgage rates will drop, but not quickly

The U.S. economy has been remarkably resilient, which has led the Federal Reserve to indicate that they will keep mortgage rates higher for longer to tame inflation. But data shows inflation and the broader economy are starting to slow, which should allow mortgage rates to ease in 2024. That said, I think rates will only fall to around 6% by the end of the year.

3. Listing activity will rise modestly

Although I expect a modest increase in listing activity in 2024, many homeowners will be hesitant to sell and lose their current mortgage rate. The latest data shows 80% of mortgaged homeowners in the U.S. have rates at or below 5%. Although they may not be inclined to sell right now, when rates fall to within 1.5% of their current rate, some will be motivated to move.

4.Home prices will rise, but not much

While many forecasters said home prices would fall in 2023, that was not the case, as the lack of inventory propped up home values. Given that it’s unlikely that there will be a significant increase in the number of homes for sale, I don’t expect prices to drop in 2024. However, growth will be a very modest 1%, which is the lowest pace seen for many years, but growth all the same.

5. Home values in markets that crashed will recover

During the pandemic there were a number of more affordable markets across the country that experienced significant price increases, followed by price declines post-pandemic. I expected home prices in those areas to take longer to recover than the rest of the nation, but I’m surprised by how quickly they have started to grow, with most markets having either matched their historic highs or getting close to it – even in the face of very high borrowing costs. In 2024, I expect prices to match or exceed their 2022 highs in the vast majority of metro areas across the country.

6. New construction will gain market share

Although new construction remains tepid, builders are benefiting from the lack of supply in the resale market and are taking a greater share of listings. While this might sound like a positive for builders, it’s coming at a cost through lower list prices and increased incentives such as mortgage rate buy downs. Although material costs have softened, it will remain very hard for builders to deliver enough housing to meet the demand.

7. Housing affordability will get worse

With home prices continuing to rise and the pace of borrowing costs far exceeding income growth, affordability will likely erode further in 2024. For affordability to improve, it would require either a significant drop in home values, a significant drop in mortgage rates, a significant increase in household incomes, or some combination of the three. But I’m afraid this is very unlikely. First-time home buyers will be the hardest hit by this continued lack of affordable housing.

8. Government needs to continue taking housing seriously

The government has started to take housing and affordability more seriously, with several states already having adopted new land use policies aimed at releasing developable land. In 2024, I hope cities and counties will continue to ease their restrictive land use policies. I also hope they’ll continue to streamline the permitting process and reduce the fees that are charged to builders, as these costs are passed directly onto the home buyer, which further impacts affordability.

9. Foreclosure activity won’t impact the market

Many expected that the end of forbearance would bring a veritable tsunami of homes to market, but that didn’t happen. At its peak, almost 1-in-10 homes in America were in the program, but that has fallen to below 1%. That said, foreclosure starts have picked up, but still remain well below pre-pandemic levels. Look for delinquency levels to continue rising in 2024, but they will only be returning to the long-term average and are not a cause for concern.

10. Sales will rise but remain the lowest in 15 years

2023 will likely be remembered as the year when home sales were the lowest since the housing bubble burst in 2008. I expect the number of homes for sale to improve modestly in 2024 which, combined with mortgage rates trending lower, should result in about 4.4 million home sales. Ultimately though, demand exceeding supply will mean that sellers will still have the upper hand.

 


About Matthew Gardner

As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.

In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.