Bellingham Area Housing Market Inventory at Historic Lows!

The Bellingham area housing market hasn’t seen a home shortage like this in over a decade, if ever. There is less that 2.5 months of inventory currently in October. A number we have never seen in my time as an agent. What does this mean for you? Well if you are looking to sell, even going into the holidays, you are going to be getting top dollar for your home. The down side is competition is fierce for buyers. Homes are getting multiple offers and spending as little as a day on the market. Yes, even in October! If you are in the market to buy or sell, give me a call and let’s get our game plan together!



Location: Bellingham, WA, USA

Comments

Post a Comment

Popular posts from this blog

5 Reasons to Sell This Winter!

Image
Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest  Buyer Traffic Report  from the  National Association of Realtors  (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Housing  inventory  is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon. Historically, the average number of years a homeowner
Read more

7 Reasons to List Your Home This Holiday Season

Image
7 Reasons to List Your Home This Holiday Season Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons not to wait: Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now . You can restrict the showings on your home to the times you want it shown. You will remain in control. Homes show better when decorated for the holidays. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year: The desire to own a home doesn’t stop when the holidays
Read more