Every week we track the number of homes on the market that have offers on them and those that do not and create a ratio we call Pending Ratios.
As of today June 15th, the pending ratio in Bellingham was 21% that was up 3% from the percentage the previous week. 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%
Ferndale has a pending ratio of 15%.
The Lynden area in East Whatcom County has a pending ratio of 17%
The Sudden Valley pending ratio was 18%
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
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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This is good information to have not only in the Bellingham area but other areas also for real estate agents.
So good to see that the market in Bellingham is showing such strong growth. We’re holding up pretty well down here in Austin, Texas but there are still many frayed nerves from buyers who have found that they can’t qualify for loans under the current guidelines. The one thing that is going NUTS down here is the leasing business! So many people who can’t buy are forcing the lease homes up, up and up!