Blaine’s Home Prices on the Rise Again!

Posted on Monday, June 15th, 2015 at 10:31am.

Yes, it’s still a hot and heavy seller’s market in Blaine, but don’t take our word for it ― check out the latest statistics.

Blaine homeowners listed 1.1 percent fewer homes in May of this year compared to last, but more than 38.9 percent of the current inventory sold. This means that the inventory of available homes in Blaine has shrunk even more; we now have only a 3.1 months’ supply of homes for sale. Typically this situation will cause a rise in prices (supply and demand).

And it did, but only slightly. Median home prices in Blaine increased less than 1 percent from last year, to sit at $222,000. In April, by the way, the median sales price was $237,000. Blaine homeowners are realizing, on average, 98.5 percent of their original asking price.

So, what does this mean to you? If you’re in the market to purchase a home in Blaine you’ll still be seeing a lot of competition, especially for homes in the most popular price ranges and those in good condition. Be ready to compete by brushing up on the tips, here.

If you’re a Blaine homeowner considering selling, do all you can to ensure you make top dollar by making your home the best on the market in your area. This means fixing what needs to be fixed and spiffing up the rest. To learn the ins and outs of selling a home, regardless of the market, contact us for a FREE copy of Kris Lindahl’s “A Homeowner’s Guide to Selling.”

Leave a Comment