For most of us, our homes are the largest asset we’ll ever own—so you are right to want to understand this asset and the market you are in. As you consider selling, you deserve the insight and guidance from an expert in your local market. Here are the top things to know about the Port Orchard real estate market right now:
Home Values Are Climbing
The Median Sales Price in Port Orchard climbed year over year, hitting $564,000 in May 2024. That is an increase of 5.4% from May of last year when the median sales price was $535,000. The long-term trend of low housing inventory in Port Orchard continues to override the head winds of elevated interest rates and historically high prices, creating a supply & demand imbalance that continues to push home values higher, whether this dynamic stays on course the rest of the year remains to be seen.
Days On Market Go Down
The Median Days on Market for Homes in Port Orchard was 9 Days in May, compared to 13 the same month last year. That’s a drop of 30% and reaffirms the strong demand for homes in our area. This dynamic continues to favor sellers in offer negotiations, but getting the best terms when selling is not guaranteed, to capitalize on your investment you want to work with a real estate expert who understands how to strategically price and market your home, so you get maximum return.
Inventory Remains Tight
Despite all the hurdles facing home buyers, demand for homes in Port Orchard remains strong and now may be the best time to capitalize on your investment, before the market shifts. With the right strategic plan, pricing, and positioning for your property and your goals, we can attract maximum offers and get your home sold for the highest possible price in the fewest days on market.
As a homeowner, what does this mean for you?
If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.
Helping my clients execute a seamless home sale is a duty I hold seriously. When you work with me, my goal is to ensure that you feel comfortable and confident throughout your entire home sale. To make sure we maximize your results, I use proven marketing strategies and competitive pricing to get your home shown to the most qualified buyers.
My commitment to excellence, consistent work ethic, and strategic negotiations are just a few reasons why my clients have trusted me with over 400 real estate transactions, approaching $100 Million in total sales volume. My process works, and I make it a seamless, simple experience for you.
If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 253-225-5738
We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.
Call Today →253-225-5738
Jesse Cedarland
License # 26470
Cedarland Group
www.jessecedarland.com
[email protected]
253-225-5738
