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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.

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 …

continue reading →

March 27th, 2017

Your Monday Real Estate Market Update!

Did you know that as of Saturday, March 25th, 56% of the homes listed for sale in Bellingham already had pending offers on them? 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 …

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March 20th, 2017

How Many Homes Are For Sale?

Did you know that as of Saturday, March 18th, 54% of the homes listed for sale in Bellingham already had pending offers on them? 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 …

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March 13th, 2017

Your Monday Real Estate Update!

Did you know that as of Saturday, March 11th, 56% of the homes listed for sale in Bellingham already had pending offers on them? 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 …

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February 27th, 2017

Your Monday Bellingham Real Estate Update!

Did you know that as of Saturday, February 25th 48% of the homes listed for sale in Bellingham already had pending offers on them? 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 …

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February 20th, 2017

Over Half of the Homes Listed For Sale in Bellingham Already Have Pending Offers!

Did you know that as of Saturday, February 18th 51% of the homes listed for sale in Bellingham already had pending offers on them? 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 …

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