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As Realtors, the question we are most often asked is, “How is the market” The information that follows is our way of answering that question with logic rather than intuition.

We feel the more houses that sell relative to the total number of houses available, the more active the market is. In other words, if there are 10 houses for sale and 2 of them have sales contracts signed, that is not as active a market as if 5 of the 10 have sales contracts signed. When we track homes sold, we are actually 30 to 45 days behind the market because it takes about that long to close after agreement is reached on a contract. So, we track “pending sales” - those homes that buyers are in the process of buying. Every week we track the number of homes available for sale relative to the number of homes currently under sales contract. From this we know the percentage of available homes that have “pending” sales. The higher the percentage, the more active the market.

To provide a quick visual indicator of market activity, we chart these percentages every week. If the line heads up, the market is heating up. If the line goes down, that’s what the market is doing. We don’t pay a lot of attention to weekly bumps up or down—we are looking for the trend.

August 13th, 2017

August 12th Pending Ratios

Happy Monday! The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every week we keep track of how …

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August 7th, 2017

How Many Homes Have Current Offers?

  Happy Monday! The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every week we keep track …

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July 17th, 2017

Mid July Pending Ratios!

Mid July Pending Ratios Happy Monday! The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every …

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July 10th, 2017

The Market Continues to Be Active!

The Market Continues to Be Active!

The real estate market in Whatcom County continues to be very active! The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, …

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June 19th, 2017

Your Monday Real Estate Update!

Happy Monday! The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every week we keep track of how …

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May 22nd, 2017

The Current Whatcom County Market Update!

The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every week we keep track of how many homes are …

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May 8th, 2017

The First Pending Ratios of the Month!

The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every week we keep track of how many homes are …

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May 2nd, 2017

How Many Homes Have Offers On Them Already?

How Many Homes Have Offers On Them Already?

The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every week we keep track of how many homes are …

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April 24th, 2017

Monday Real Estate Update for Bellingham & Whatcom County

The number of real estate signs you see in yards can be deceiving as to the number of home actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every week we keep track of how many homes are …

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April 9th, 2017

Your Monday Bellingham Real Estate Update

The number of real estate signs you see in yards can be deceiving as to the number of home actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers! Every week we keep track of how many homes are …

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