2011 Market Report for Lynnwood, Washington

2011 Market Report for Lynnwood, Washington

2011 Market Report for Lynnwood, Washington

Lynnwood real estate was on a lot of peoples minds this last year. Now that the year is over we can report activity, averages and trends.

I would characterize Lynnwood real estate activity as brisk based on the experience of the Phil Leng Team. We sold sixty eight homes this past year, with an average market time of 49 days!

However the overall statistics for Lynnwood are sobering. Which of these two categories do you want to be in? The red category, or the green category? If you use The Phil Leng Team to sell your property this year, we will help you get into the sold category!


The trend of median sold prices in Lynnwood is clear from this next graph. The median price appears to have fallen some 2% through 2011. Have we entered the time of stable prices? That would be good news indeed!


Perhaps the best news in Lynnwood is that the number of new properties going for sale every month has been dropping over the last year. It looks like the trend of new listings every month is also down 2%. If you like your house, and do not need to sell it in the next 5-10 years, why put it up for sale? It is just an aggravation for you.


The average Days on Market in Lynnwood appears to have been going down strongly. This next graph would tend to convince me there is a trend toward shorter days on the market before a sale in Lynnwood. The average days on market is down 29% from last year!


If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Lynnwood Washington has gone down. The graph shows 54% over the year, however it may not actually be by that much once the properties come on the market this spring. But I believe this is a real trend as those who do not really need to sell simply defer their plans until a later time.


My pitch? If you are a serious seller and need to sell this next year in Lynnwood, hire the Phil Leng Team. We have the experience and the track record to help you reach your real estate goals this year.

Disclaimer in regular size print: All data for this 2011 Market Report for Lynnwood, Washington is from the NWMLS and is their property. Accuracy has not been independently verified. Statistics are a bit like humans. If you torture them long enough you can make them say anything you want them to say!

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