Due to the snow and ice yesterday I am a day late on pending ratios this week.  After reviewing the numbers there were no huge increases in homes pending this week. Bellingham and Ferndale were up 1% while all other areas were down slightly or remained stable.

If you are new to the blog and our pending ratios, the following is a brief explaination. Weekly, we record the number of houses on the market in a certain area and price range relative to the number than have signed offers on them and are pending. The higher the percentage the more active that portion of the real estate market is. We find Pending Ratios to be a better way to track the market in real time as property sales can take between an average of about 45 days to be recorded in our system.

Below is the pending ratio per Whatcom County Community for the week of Feb. 28th-March 7th. Click on the hyper link for each city to view the numbers in detail:

Bellingham: This week the Bellingham Pending Ratio is 19%, which is up 1% from last week’s rate of 18%.

Birch Bay & Blaine: This week the Birch Bay and Blaine Pending Ratio is 11%, which is stable from the previous week.

Ferndale: This week in Ferndale the Pending Ratio is 16%, which is up 1% from last week’s rate of 15%.

Lynden: This week in Lynden the Pending Ratio is 11%, which is down 2% from last week’s rate of 13%.

Sudden Valley: This week in Sudden Valley the Pending Ratio is 18% which is stable from last weeks ration.

If you have questions on the Bellingham or Whatcom County real estate don’t hesitate to contact us, we track the market in a variety of ways and we would love to tell you all about them!