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:
March 15, 2010
Happy Monday! Every week 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. Sudden Valley had an especially good weeks seeing a 4% price in the pending ratio for that [...]March 08, 2010
Happy Monday. The first Pending Ratios for the month of March were completed on Saturday. Every week 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. It was [...]March 01, 2010
I can’t believe February is over already! Every week 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. It was a great week for the pending ratios and [...]February 22, 2010
What amazing weather we have been having! Hope everyone had a wonderful weekend. Every week 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. It was a great week for [...]February 15, 2010
Hope everyone had a wonderful Valentine’s Day weekend. Every week 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, Feb. 13th, the pending ratio in Bellingham [...]February 08, 2010
Every week 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, Feb. 6th, the pending ratio in Bellingham was 18% Pending is the time frame between when an [...]February 01, 2010
Every week 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, Jan. 30th the pending ratio in Bellingham was 16% Pending is the time frame between [...]January 25, 2010
Every week 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, Jan. 23rd the pending ratio in Bellingham was 17% Pending is the time frame between when [...]January 17, 2010
Every week 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, Jan. 16 the pending ratio in Bellingham was 18% Pending is the time frame between when an [...]January 11, 2010
Every week 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, Jan. 9 the pending ratio in Bellingham was 17%. Pending is the time frame between [...] |
