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 3rd, 2020

Whatcom County Market Update

Whatcom County Market Update

Even though most of use are home bound, home sales are still happening and the real estate market is still moving thanks to some amazing technology. 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 …

continue reading →

July 27th, 2020

Pending Ratios Are Coming In Hot

Pending Ratios Are Coming In Hot

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. …

continue reading →

July 20th, 2020

Updated Real Estate Market

Updated Real Estate Market

Bellingham and Whatcom County 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 …

continue reading →

July 13th, 2020

Curious How Many Houses Are Pending? Look No Further!

Curious How Many Houses Are Pending? Look No Further!

Real Estate Update for Bellingham & Whatcom County 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 …

continue reading →

July 3rd, 2020

Fireworks Are Going Off For Pending Ratios

Fireworks Are Going Off For Pending Ratios

Real Estate Update for Bellingham & Whatcom County 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 …

continue reading →

June 29th, 2020

Thinking About The End Of June Pending Ratios?

Thinking About The End Of June Pending Ratios?

Real Estate UPDATE for Bellingham & Whatcom County 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 …

continue reading →

June 19th, 2020

How Active Is The Market?

How Active Is The Market?

Here are you updated pending ratios! 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 …

continue reading →

June 15th, 2020

Mid June Pending Ratios For Bellingham & Whatcom County

Mid June Pending Ratios For Bellingham & Whatcom County

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. …

continue reading →

June 8th, 2020

Updated Pending Ratios For Bellingham & Whatcom County

Updated Pending Ratios For Bellingham & Whatcom County

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. …

continue reading →

June 1st, 2020

Your Monday Real Estate Market Update

Your Monday Real Estate Market Update

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. …

continue reading →

gdcore3-01:hasssl