November Numbers

The following is 22 counties in the NW MLS, and the current inventory as of November 2009 (for the past 3 years). Currently, inventory levels are nearing all time lows. Sales have stabilized and 2009 is predicted to be higher than 2008.



The following is the Whatcom County Single family housing market numbers for November 2009. The amount of single family product is DOWN 16.8% from 3 years ago, and down 7.5% from 1 year ago. The rate of decline is increasing over the previous months. The market segment continues to tighten.



The following chart is for Bellingham, WA, single family home inventories (through November 2009). The amount of single family product is DOWN 32.4% from 3 years ago, and down 12.6% from 1 year ago.



This graph shows the amount of supply in the Bellingham single family market. The current supply is at 5.1 months. That number is down from last month of 6.5 months, last year of 13.3 months and 3 years ago of 7 months. Traditionally when inventory levels are above 6 months supply it indicates a buyers market. When inventory drops below 6 months supply it indicates a sellers market. Technically the market shifted to a sellers market in November of 2009.



The graph below shows new home construction supply for Bellingham over the past 3 years.

September Numbers

The following is 22 counties in the NW MLS, and the current inventory as of September 2009 (for the past 3 years). Currently, inventory levels are nearing all time lows. Spending sales are approaching a 3 year high.




The following is the Whatcom County Single family housing market numbers for September 2009. The amount of single family product is DOWN 12.5% from 3 years ago, and down 4.5% from 1 year ago. The market appears to be tightening.



The following chart is for Bellingham, WA, single family home inventories (through September 2009).

July - 2009 Stats - Bellingham, WA

Bellingham inventory levels are at the lowest levels in 4 years. I predict that levels will continue to fall seasonally, in to the fall, potentially, creating a sellers market.

The average sale price rose sharply in July. However, the average home on the market is still substantially higher than those homes selling.

July - 2009 Stats - Whatcom County

Whatcom County Single-Family housing inventory is at a 3-year low, and appears to be dropping further. I expect inventory levels to fall substantially in the fall months, creating a stable market.

We have seen a substantial increase in the average sale price for Whatcom County. Please note the red line (the average sold price), and the green line (the average price of homes on the market).

Whatcom County inventory levels have fallen sharply, mainly due to the increase sales activity over the past 6 months.

July - 2009 Stats

July - 2009 - All inventory in 22 counties in Washington State.

Current inventory in 22 counties in Washington State is about 8 months, down from 10 months one year ago.