Market Intelligence Report — WA-020

Oak Harbor, WA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WA-08
As of the latest 2026 data
Cooling

Median Listing

$755K
-1.3% YoY

Pending Ratio

0.25
-10.4% YoY

Active Inventory

504
+18.0% YoY

Median DOM

59 Days
+3.5% YoY

Primary Intelligence Tool — Sold Score™

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The Oak Harbor market is currently cooling, characterized by a pending ratio of 0.25 and a significant 18.0% year-over-year increase in active listings. This indicates a reduced pace of demand absorption relative to available supply.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Oak Harbor market right now.

Active listings have expanded by 18.0% over the past year, reaching 504 units, while new listings experienced a slight contraction of 2.9% year-over-year. The median listing price has seen modest declines, down 1.3% over the past year and 1.5% month-over-month. Concurrently, the pending ratio has fallen by 10.4% year-over-year, reflecting a deceleration in transaction activity. Median days on market increased by 3.5% over the past year, suggesting properties are taking longer to find a buyer.

Historical Analysis

Market Trends

Median Price

$755K-1.5% MoM

Active Inventory

504+18.0% YoY

Days on Market

59+3.5% YoY

Sold Score™

28-10.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

28
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics suggest a deceleration in the pace of transactions, as evidenced by the low pending ratio of 0.25. Growing inventory levels and longer market times imply that prospective purchasers may find increased latitude in negotiations. This environment necessitates heightened price discipline from sellers to align with prevailing demand conditions.

Luxury Segment

The average listing price has declined by 9.6% year-over-year, significantly more than the 1.3% decrease in the median listing price. This divergence, coupled with a 2.8% year-over-year decline in median price per square foot, indicates some softness within the higher-priced segments of the market.

Supply Dynamics

504 active listings represent the current floor, with new supply arriving at roughly 132 per month.

Pricing Pressure
23.8%

of active listings carry a price reduction, -0.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.8% year-over-year.

Absorption
0.25

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Oak Harbor, WA? Inventory is up 18% from last year.

Buyers have leverage in Oak Harbor, WA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
25%
Median Days on Market
59 days
Inventory YoY
+18%

In a buyer's market, strategy beats timing. See how your home scores in Oak Harbor, WA and what moves the number.

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Metro Demographics

Metro Area
Oak Harbor, WA
CBSA Code
36020
State
WA

ZIPs in Oak Harbor, WA

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