Pending Ratios
Click the links below to view the pending ratios for various communities
in Whatcom County.
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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.
We track Bellingham, Ferndale, Sudden Valley, Lynden and Birch Bay
real estate, so if you would like information on any of these markets,
just let us
know and we will see that you get it.
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