It’s time for your Whatcom County real estate market update, and we’re excited to bring you the latest insights in a user-friendly format. Whether you’re a homeowner, potential buyer, or just curious about the local market, this update will give you a quick overview of the numbers that matter.
July 2023: By the Numbers
- New Listings: This month, 420 new listings have entered the market, offering fresh opportunities for those on the hunt for their dream home.
- Total Active Listings: Currently, there are 640 active listings available, giving you a variety of options to consider.
- Pending Sales: The number of pending sales shows that the market is buzzing with activity, as 354 transactions are in the process of closing.
- Closed Sales: A total of 265 sales have closed this month, providing insight into the recent buying and selling trends.
- Average Closed Price: The average closed price is at $620,395, giving you an idea of the average cost of a home in Whatcom County.
- Median Closed Price: The median closed price is $539,000, representing the middle point where half of the homes sold for more and half for less.
- This Month’s Inventory: Calculated at 2.42, the current inventory indicates how many months it would take to sell all homes at the current pace, assuming no new listings are added.
- Comparison with Last Year: Looking back at the same month last year, the numbers show that the market has remained relatively stable.
What It All Means:
The market is active and offers a range of options for both buyers and sellers. With a healthy number of new listings and pending sales, there’s a positive flow of activity. Prices remain competitive, and the market’s stability compared to last year is a promising sign.
Stay Informed, Stay Empowered:
Whether you’re considering buying, selling, or simply want to stay in the know, these numbers give you a snapshot of the current real estate landscape. Remember, these figures are just part of the bigger picture. If you’re planning a move, partnering with a real estate professional can provide you with personalized guidance.
Thank you for staying connected with the Whatcom County real estate market through our newsletter. We’ll continue to keep you updated on the trends and insights that matter most.