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Bellingham Real Estate Market Report – August 2017
 
Here's a quick look at the Bellingham Real Estate Market Report for August 2017 for residential home sales.
The number of residential sales for the month was 114 that is 11 less than August 2016 and the 4 more than last month.
The Average sales price of $465,417  is up by 2% compared to July 2016 and down 3% from last month.
The number of homes for sales has been going up but it is still relatively low and keeping the average price going up. People are holding onto their homes and there is not much new construction.
Inventory is up a bit from the past few months but still extremely low at 220 homes for sale the day I write this, keeping the market really hot for this time of year. There is only a ridiculously low 2.1 months supply of homes on the market right now. Any home priced right is still snapped up quickly often with multiple offers. There are only 14 homes on the market under $300,00 and as of today the least expensive home on the market is $229,000 and that looks like a teardown, so it's an expensive lot. This is making it extremely difficult for first-time buyers.
There are still buyers out ... more

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