So what’s happening here in our Chehalis & Centralia Real Estate Markets? Are we seeing a housing bubble, and what should I do with my home? It can be so confusing with all the headlines what the best choice to make is for your family. Let’s look at the data of what’s happening so that you can make an educated decision.
What is a Seller’s Market?
First off, according to real estate experts and advisors, anytime you have inventory levels that are at 6 months of inventory or below, we’re in a seller’s market. It’s all about supply and demand, and when there is a limited supply like there is right now, then the prices go up. So let’s see what inventory levels are doing here locally.
Chehalis Market Update
Is it a good time to sell here Chehalis, WA 98532? Well, let’s look at what happened in the month of March. In Chehalis, we currently have, at the time of this writing, we have 20 homes that are active. The average time to sell is only 25 days, and the average sale price is eleven thousand, two hundred seventy-six dollars ($11,276) over the average listing price, which shows us we are in a strong seller’s market. Now you may be wondering if it’s a good time to sell in Centralia, WA 98531?
Centralia Market Update
In Centralia, we have only 22 active homes on the market and in March homes sold after an average of three weeks. The average sale price is three thousand, six hundred and two ($3,602) dollars over the average listing price, Another strong seller’s market. So here in Lewis County we have very low inventory and strong buyer demand. It’s a great time to sell as we are consistently experiencing bidding wars and homes being sold above list price.
Thinking of Buying or Selling in Chehalis or Centralia?
Feel free to reach out to us at no cost or risk for a hassle-free strategy session. I’m looking forward to hearing from you! My name is Eren Millam and remember, extraordinary service delivers extraordinary results!
Eren Millam – Managing Broker Premiere Property Group, LLC WA License No. 26933
Contact me HERE
Want to know what it takes to sell in this market? Check out my FREE Virtual Seller Seminar: https://seminar.lewiscountyhomes.com/
Trying to plan your move, but not sure how much you’ll make from your home sale? Get your FREE Market Analysis: https://cma.lewiscountyhomes.com/
In the beginning stages of buying or selling and wan to find out more? Check out my FREE Buyer & Seller Guide: https://about.lewiscountyhomes.com/