Bellingham Real Estate Market Stats

0-299k Single Family Residental Excluding Sudden Valley

The 0-299k real estate market in Bellingham (aka first time buyer market) is holding strong with a 33% increase vs this time a year ago. The inventory was about the same, meaning the same about of houses were for sale.  Based on the stats the average sales price is down at the same time the home solds are up.

This price range and market is going to be a safe bet if you are thinking about purchasing.  This is the entry level market, where first time home buyers buy.  There is always a fresh batch every year of new buyers.

When looking at housing market stats it is very important to look at different price points.  You cannot merely rely on the stats on the market as a whole because the demand is different.  Next we are going to look at the 300k-599k as you can see the market in this price point is much different vs the entry level market.

300k-599k Single Family Bellingham Excluding Sudden Valley

After taking a look at the stats of the move up buyer market ( buyers that sell their home and buy another) has had a slight decrease in sold properties vs this month last year.  This market according the stats is leveling.  Looking at the stats the average days on the market and the average sold price is about the same.

Interest rates are at an all time low.  What will the market do for the last quarter? Be sure to read the article the herald posted bellow.