The number of homes sold is up 11 from last year but has started on it’s fall winter decline and off 26 from last month as reflected in the green line on the above graph.
I am guessing the number of sales will continue down in October, but once again tough to predict price movement.
Interest rates are fluctuating, so now may just be the best time to buy, while they are still under 5%.
As rates go up your buying power goes down, so you can not afford as much home.
The best advice still if you want to get your house to sell quickly 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