It’s Monday and that means that we have a new set of weekly real estate statistics for your reading pleasure. Every week we keep track of what we call “Pending Ratios,” the number of houses on the market for sale, relative to the number of houses that have offers on them. We track the statistics based on area and price range.

This week the pending ratio in Bellingham is 22% with a total of 661 homes listed on the NWMLS as of Saturday , May 2nd when we ran the numbers. Out of the 661 Bellingham homes that are listed, 144 are Pending. Pending is a term used when an offer has been accepted on the home and it is in the process of closing.

The Birch Bay& Blaine  area has a pending ratio of 13% is with a total of 299 homes listed on the market and 39 of those homes pending.

Lynden had a weekly pending ratio of 14% with a total of 156 homes listed and 22 of those homes pending.

Ferndale has a weekly pending ratio of 17%. In Ferndale there were a total of 258 residential homes listed on the market, out of those 258 homes 44 homes were pending.

The area of Sudden Valley has a weekly pending ratio of 20% with a total of 128 homes listed for sale and 26 of them pending.

If you have any question on the weekly pending ratios and what they mean to you call The Johnson Team at 1-888-713-3056 or (360) 393-2620 or feel free to check our  “Market News”section of our website for up to date anlysis of the Bellingham and Whatcom County Real Estate Markets.