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Bellingham Real Estate Market Report – July 2019

To see the extensive Bellingham Real Estate Market Report for July- Click Here
Here’s a quick look at the Bellingham Real Estate Market Report for July 2019 for residential home sales.
The number of residential sales for the month was 93 that is 18 less than Junly 2018 and 7 less than last month.
The average sales price of $563,425 is up 0.2% compared to last July and down 0.2% from last month.
The number of homes for sales went down a bit last month to 135, there are now 1.5 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 1.5 months).   The number is still pretty small relative to years past.
There is still not much new construction in single-family homes.
Inventory is still low and it doesn't look like that will change much. There are 135 homes for sale the day I write this. Any home priced right is still snapped up quickly often with multiple offers. There are only 4 homes on the market under $300,00 and as of today the least expensive home on the market is $155,600 for a new townhouse in a new project with the Kulshan ... more

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