X

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 16th, 2019

The Whatcom County Market is Active!

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

June 28th, 2019

Pending Ratios for the end of June

Pending Ratios for the end of June

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

June 21st, 2019

First Day of Summer Whatcom County Pending Ratios!

First Day of Summer Whatcom County Pending Ratios!

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

June 14th, 2019

Pending Ratios for Whatcom County As of June 14th

Pending Ratios for Whatcom County As of June 14th

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

May 3rd, 2019

Listing to Pending Ratio Real Estate Market Update

Listing to Pending Ratio Real Estate Market Update

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

March 22nd, 2019

March Madness! The Current Whatcom County Pending Ratios

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

December 28th, 2018

End of The Year Pending Ratios

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

December 10th, 2018

Real Estate Market Update

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

November 19th, 2018

How Many Homes Are For Sale In Whatcom County?

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →

November 5th, 2018

Beginning of November Pending Ratios!

If you have been following the local real estate market you know it's active and inventory is low. If you are thinking of selling now is the time! 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 …

continue reading →