Have you ever wondered just how many of the homes you see for sale have offer on them? Weekly we keep track of the number of homes on the market that have offers on them and  those that do not, this is what we call Pending Ratios.

As of last Saturday May 9th the pending ratio in Bellingham was 25%. There were 696 homes for sale in Bellingham. 524 of the homes were active listings with no offers on them and 172 on the homes had offers and were in real estate terms, pending.  Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

Birch Bay had a pending ratio of 14%. In the Birch Bay and Blaine areas there were a total of 319 homes listed for sale. Out of the 319 homes for sale 46 of them had offers on them and 273 did not.

Ferndale has a pending ratio of 17%.In Ferndale there were a total of 271 homes for sale. Out of the 271 homes for sale in Ferndale 46 of them had offers on them and 225 did not.

The Lynden area in East Whatcom County has a pending ratio of 15%. In Lynden there were a total of 161 homes listed for sale. Out of the 161 homes listed for sale 24 were pending and 137 were not.

In Sudden Valley last Saturday, May 9th the pending ratio was 21%. In Sudden Valley there were 136 homes for sale. Out of the 136 homes for sale in Sudden Valley 29 of them had offers on them, 106 did not.

To view a complete history of Whatcom County Pending Ratios or for other real estate statistics don’t hesitate to contact The Johnson Team at (360) 303-2734 or by email at Info@JohnsonTeamRealEstate.com