Bellingham and Whatcom County Pending Ratios
 As Realtors, the question we are most often asked is, “How is the market”
The information that follows is our way of answering that question with logic rather than intuition.
We feel the more houses that sell relative to the total number of houses available, the more active the market is. In other words, if there are 10 houses for
sale and 2 of them have sales contracts signed, that is not as active a market as
if 5 of the 10 have sales contracts signed. When we track homes sold, we are
actually 30 to 45 days behind the market because it takes about that long to
close after agreement is reached on a contract. So, we track “pending sales” -
those homes that buyers are in the process of buying. Every week we track the
number of homes available for sale relative to the number of homes currently
under sales contract. From this we know the percentage of available homes
that have “pending” sales. The higher the percentage, the more active the market.
To provide a quick visual indicator of market activity, we chart these percentages
every week. If the line heads up, the market is heating up. If the line
goes down, that’s what the market is doing. We don’t pay a lot of attention to
weekly bumps up or down—we are looking for the trend.
Pending Ratio Market Updates:
January 30, 2012
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, January 28th, the pending ratio in Bellingham was 22% [...]January 23, 2012
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, January 21st, the pending ratio in Bellingham was 23% [...]January 17, 2012
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, January 14th, the pending ratio in Bellingham was 21% [...]January 10, 2012
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, January 7th, the pending ratio in Bellingham was 21% [...]December 19, 2011
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, December 17rd, the pending ratio in Bellingham was 22% [...]December 05, 2011
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, December 3rd, the pending ratio in Bellingham was 22% [...]November 28, 2011
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, November 26th, the pending ratio in Bellingham was 21% [...]November 21, 2011
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, November 19th, the pending ratio in Bellingham was 20% [...]November 14, 2011
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, November 12th, the pending ratio in Bellingham was 18% [...]November 07, 2011
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. This weeks numbers were great with all areas either remaining stable or up in pendings.
As of Saturday, November 5th, the pending ratio in Bellingham was 18% [...] |
