Looks like the number of sales took a turn down again before it will climb out of the lower realms of the graph (green line). I think the number of sales will be rising next month, but once again it is tough to predict price movement.
Interest rates are still low and now expected again to stay that way for awhile. 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.
If you want to get your house to sell quickly, the best advice is to set the price right from the start. 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.
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