Uncategorized April 25, 2017

Whatcom County Real Estate Market Update

If you are looking to buy Whatcom County Real Estate, there are plenty of great areas to buy a home for sale. As I discussed in my Lynden, WA real estate blog, it is very important to know what the current Whatcom County Real Estate market conditions are. If you are a seller, you don’t want to overprice and lose out on buyers. However, you also don’t want to under price in the hopes of creating a bidding war and then feel like you just gave your home for sale in Whatcom County away. As a Whatcom County Realtor, I keep a close eye on the surrounding areas as I feel having my finger on the pulse of the market benefits my clients. So let’s take a look at the current market conditions for real estate in Whatcom County.

The good news is that a few of the categories that Whatcom County Realtors follow have gone up. The average and median home prices are both up. The average home price is up 10.2% at $343,167 and the median home price is up 9.3% at $305,000. Pending sales are up 6.9% for real estate in Whatcom County and closed sales are up 7.5%. Now let’s talk about what has continued to go down. New listings have decreased by 4.7%. Homes for sale have gone down by 22.7% and the days on market have gone down by 22.6%. The month supply is 2.8% which means real estate in Whatcom County is absolutely in a sellers market and these decreases are simply due to the lack of inventory. Whatcom County Realtors are hoping to see an increase in listings to satisfy the buyers needs. For more information on real estate in our area, give me a call at 360-410-0848.