Bellingham Real Estate Monthly Market Reports
The January 2023 RE/MAX Housing Report is reflecting a Neutral market!
The number of for sale listings was down 19.4% from the previous month. The number of sold listings decreased 33.5% month over month. The number of under contract listings was up 43.8% compared to previous month.
The Months of Inventory based on Closed Sales was 3.6. The Average Sold Price per Square Footage was down 5% compared to previous month. The Median Sold Price decreased by 5.1% from last month. The Average Sold Price also increased by 3% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed an upward trend. The ratio of Sold Price vs. Original List Price was 95%.
Check out the details of the January 2023 Market Reports below.