Hope everyone had a wonderful holiday weekend. Each Saturday we take a snap shot of the real estate market and track 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 Saturday, Nov. 28th the pending ratio in Bellingham was 22%. 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 16%.
Ferndale has a pending ratio of 18%.
The Lynden area in East Whatcom County has a pending ratio of 15%.
The Sudden Valley pending ratio was 26%.
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
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For more information on Bellingham Real Estate or to search for homes in the Bellingham and Whatcom County area visit www.JohnsonTeamRealEstate.com, your one stop Bellingham real estate and community information resource!
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Great stats for your area, and it seems to be fairly healthy. My market is sitting around 18-22%, so that seems pretty similar to your market.