Muljat Commercial DOT Blog

August Numbers

2010-09-28T08:48:00.000-07:00

May Stats

2010-06-10T11:42:00.000-07:00

April Numbers

2010-05-13T13:34:00.000-07:00

March Numbers

2010-04-20T14:44:00.000-07:00

February Numbers

2010-03-16T15:18:00.000-07:00

Whatcom County is following the greater Puget Sound numbers (above). Inventory levels were at the low in December and will grow over the next several months.

Bellingham's inventory remains low. With a slight uptick in inventory (which is anticipated to continue through the spring), Bellinghame's inventory is at historic lows. However, sales did not increase as they have throughout the greater area. Spring months should see increased sale activity.

January 2010 Single Family Inventory

2010-02-12T16:43:00.001-08:00

Inventory in the Pacific Northwest hit an all-time low in December. January has started the seasonal "uptick" in inventory levels, however, pending sales were strong for the area. Inventory should remain low and demand will continue to increase as we approach the spring months. It's a good time to sell!

Whatcom County is following the greater Puget Sound numbers (above). Inventory levels were at the low in December and will grow over the next several months.

Bellingham's inventory remains low. With a slight uptick in inventory (which is anticipated to continue through the spring), Bellinghame's inventory is at historic lows. However, sales did not increase as they have throughout the greater area. Spring months should see increased sale activity.

December Numbers

2010-01-12T11:05:00.000-08:00

The following is 22 counties in the NW MLS, and the current inventory as of December 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 December 2009. The amount of single family product is DOWN 12.6% from 3 years ago, and down 7.6% 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 December 2009). The amount of single family product is DOWN 26.1% from 3 years ago, and down 10.4% from 1 year ago.

This graph shows the amount of supply in the Bellingham single family market. The current supply is at 6.3 months. That number is up from last month of 5.1 months, down from last year of 9 months and 3 years ago of 7.3 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.

November Numbers

2009-12-21T09:48:00.000-08:00

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

2009-10-15T11:32:00.000-07:00

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

2009-08-15T22:54:00.000-07:00

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

2009-08-15T22:49:00.001-07:00

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

2009-08-10T20:42:00.000-07:00

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.