Hope everyone had a great weekend! 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 Saturday August 7th , the pending ratio in Bellingham was 18% . 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 13%.
The Lynden area in East Whatcom County has a pending ratio of 14%
The Sudden Valley pending ratio was 15%
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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Is that ratio good? What would be considered a good ratio?
I have the same question.. what is a “good ratio?”????
The pending ratio is below 20 % and I am sure the deal will takes place within a short period so that we can expect the increase in sales according to the pending ratio. I think the main reason for pending ratio is the delay in getting finance.