Bellingham Real Estate Market Report – October 2017
By Michael Eisenberg, Bellingham Real Estate Guy
(eXp Realty)
Here's a quick look at the Bellingham Real Estate Market Report for October 2017 for residential home sales.The number of residential sales for the month was 86 that is 3 more than October 2016 and the 17 more than last month. The Average sales price of $469,126 is up by 20 % compared to October 2016 and up 7% from last month.The number of homes for sales went down last month, there are now 2.1 months of inventory on the market, (if no new homes came on the market and sales rate was same as it is today, they would all be sold in 2.1 months). There is still not much new construction in single-family homes.Inventory is down again and is still extremely low at 179 homes for sale the day I write this. Any home priced right is still snapped up quickly often with multiple offers. There a...
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