📊 January Market Snapshot | Skagit County
The year is starting with momentum.
✔️ Median price: $665,000 (⬆️ 16% year over year)
✔️ New listings up 95% over December
✔️ Pending sales up 43% over December
✔️ Inventory at just 2.3 months
And here’s what really matters ➡️ interest rates are lower than this time last year (6.13% vs 7.04%).
What does this mean?
Buyers: More options are coming online, and rates are improving, but inventory is still tight. Strong homes are moving.
Sellers: Demand is active and prices are holding. Strategic pricing still matters.
January is often a signal month for the rest of the year… and this one is telling us the market is awake.
If you want to know what this means for your neighborhood or price point, message me.