Here’s a quick analysis of the Bellingham Residential Real Estate Market for April 2012.
Could this really be the market turnaround. The stats are telling us it’s a fairly balanced market with about 6 to 7 months worth of homes on the market. The graph also shows we have had 3 steady months of price increases since January’s 5 year low point.
The number of homes on the market is unusually low for this time of year, so buyers will be competing for a smaller number of homes which tends to push prices up.
It will be interesting to see where the prices and chart go in the next few months leading up to election day.