Bellingham Residential home sales are up 5 homes from last year at this time and prices are up 15% compared to last February but down by 11 sales and about $43,0000 from last months $347,199.
The number of sales continued down again but I am predicting that sales will start rising next month as spring approaches (green line on the graph), but once again it is tough to predict price movement.
Interest rates are still low but have risen slightly. Banks are beginning to make loans harder to get, so now may just be the best time to buy, while they are still low. When interest rates go up your buying power goes down, so you can not afford as much home or your payments go up for the same price home.
Let’s talk about where the market is headed. Is it better to rent or own? If you have any questions or want to see any Bellingham Real Estate feel free to email me at or give me a call at 360-739-6981
If you want to get your house to sell quickly, the best advice is to set the price right from the star
t. The homes that sell the fastest are the ones that are priced right out of the gate and are in good condition, a good location always helps.
If your looking to buy, have your pre-approval ready before you can make an offer on that home you really want. If your dream home is relatively new to the market be ready to pay full price, maybe even a bit more as the low number of homes for sale, and hungry buyers eager to get a new home is bringing multiple offer situations back to the market.