With a historic low number of homes for sale and no signs of demand easing, the median closing price on the sale of a home in Skagit County rose to $490,000 in May, according to figures released Monday by the Northwest Multiple Listing Service (MLS).
The median home price in Skagit in May 2020 was $400,000.
The MLS report showed only 126 total active listings in May, a 57% drop compared to May 2020.
The spring real estate market usually brings an uptick in new listings, but not this year. The number of active listings in Skagit County decreased by three from April to May, according to the MLS.
Neighboring Whatcom and Island counties also saw large price increases from May 2020 to May 2021 and shrinking inventory.
In a news release, Northwest MLS Director Robb Wasser, branch manager at Windermere Real Estate/East in Bellevue,…