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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.
March 6th, 2020
Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer's and the seller's of the home and when the title actually transfers hands. This …
March 1st, 2020
Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer's and the seller's of the home and when the title actually transfers hands. This …
February 25th, 2020
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 …
February 19th, 2020
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 …
February 9th, 2020
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 …
February 4th, 2020
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 …
January 24th, 2020
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 …
January 17th, 2020
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 …
December 27th, 2019
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 …
December 20th, 2019
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 …
