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:
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 [...]January 04, 2010
Happy New Year! With a new year comes new Bellingham and Whatcom County Real Estate statisitcs. 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 [...]December 30, 2009
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. Although the ratios are usually done on Saturday, due to the holidays we did them yesterday.
As of [...]December 18, 2009
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, Dec. 12th the pending ratio in Bellingham was 19%. Pending is the time frame between [...]November 30, 2009
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 [...]November 23, 2009
Weekly we keep track of 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. 21th the pending ratio in Bellingham was 23%. Pending is the time frame between when an offer has been mutual accepted between the [...] |
