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Is Bellingham a Buyer's Market or Seller's Market?
 
We all hear about the different types of real estate markets in the media, around the office and/or social media especially when one is actually thinking about buying or selling real estate.  What is a Seller's Market and what is a Buyer's Market and how do you know when you're in one or the other?
 
As one can guess by the titles - a Seller's Market is when prices are going up and inventory is low or going down, homes are selling fast and often multiple offers are received, sold prices over asking price are common and in general the market conditions favor the seller.  Often Seller's can be tough on negotiations.
 
A Buyer's Market is when market conditions favor the buyer - inventory is up, the number of sales is down and prices are dropping and most sales are less than full price.  Seller's are happy to receive an offer and are motivated to negotiate with the buyer to make it work.
 
Just what are the quick, at a glance indicators that tell one what the market conditions are, without having to study and compare all the market statistics, to know when it's a Seller's Market or a Buyer's Market?  There are a ... more

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