Bellingham Residential Real Estate for January 2013 shows prices and number of sales were up from last year, continuing on that roller coaster ride of rising and falling prices.
If you take a look at the absorption rate chart you can see we are still in a sellers market. The number of homes for sales is still very low. Low inventory, creates scarcity and even multiple offer situations, which is great for sellers a little more stressful on buyers.
Interest rates are still at all time lows.
The talk in the press is that the housing market is on the rebound. Spring is close by I’m sure that more homes will be coming on the market, it is the number that will determine if it continues to be a seller’s market or turns the other way.