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The Clock is Ticking but Market is Still Prime for Buyers
Whether from market stimulus programs or buyer necessity, the Port Angeles market has picked up in housing units sold over the last two months. Overall sales are only down eleven percent as compared to last year. If you look at sales over the last six months, we are only off by five percent in the number sold.
Dollar-wise, the market is off far more -- due in part to lower home prices in the middle range from repossessed properties and the pressure they exert on the market, as well as the inventory having a larger than normal number of entry-level priced homes.
If you are looking for a modest home or a rental property, there are 26% more homes under $200,000 than we had last year. At the rate they are moving, homes in this range and those priced from $250,000 - $299,999 are almost in a seller's market; but with the average home taking almost a month longer to sell than it did last year, no one seems to notice.
Other than the first tier, homes priced from $200,000 to $249,999 are the only other segment with an increase in number. There are 99 homes under $200,000 and 76 from ... more

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