Market Trends From Around The Sound: Q2-2021

The year started hot for the real estate market. And the second quarter of 2021 continued these trends as low inventory, rising median home sales prices, and fleeting time on the market put sellers in the driver’s seat.  A lack of inventory has been apparent since the height of the pandemic, and while more sellers are entering the market, the need of buyers didn’t diminish in Q2-2021 as mortgage rates hovered near historic lows and competitive offers escalated sales prices. Whether a seller preparing to list your home and receive the best possible offer or a buyer seeking your next opportunity, with the right advisement, preparation, and marketing, which you can find with an RSIR global real estate advisor, it’s still a great time to enter the market.

Bainbridge Island   |   Single-Family Homes

Bainbridge Island home prices continue to climb with a 37 percent increase to $1.25 million when compared to Q2-2020. The number of closed home sales also increased year-over-year by 29 percent, yet the number of homes for sale has declined by over 60 percent.

View reports from other neighborhoods at RSIR.com/quarterly