Home sales declined in number compared to last year and last month in Bellingham they are down by 18 homes from last year at this time and 11 from last month. Prices are up 7% compared to last April and they are $47,500,000 from last months $318,626
Interest rates are still low , but predictions of 5% by the end of the year are coming from several sources. This may be the best time to buy, while interest rates are still low. When interest rates go up your buying power goes down, so you might not be able to buy the home you want.
Want to 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 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.