Bellingham Real Estate Market Report - August, 2012

Real Estate Agent with eXp Realty

Bellingham Residential Real Estate for August 2012 looks like number of sales were up and and  prices were up from last year and last month. If you take a look at the absorption rate chart you will see that  we are leaning toward a buyers market.

There are several factors I think will be driving the market for the next several months. Interest rates are still incredibly low and are expected to stay that way for quite some time. Banks have money and they are lending it. Prices are relatively low and housing inventory is still low, I think these factors will create more demand in the marketplace. I also think that with the presidential election coming up this November things will start to get better in the economy no matter who wins and the market will keep recovering.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
Washington Whatcom County Bellingham Fairhaven
bellingham county real estate market

Spam prevention
Show All Comments
Adrian Willanger
206 909-7536 - Seattle, WA
Profit from my two decades of experience

Michael, these area all good indicators for the Bellingham market, lets hope this will be a sustainable trend. 

Sep 30, 2012 03:07 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Michael Eisenberg

Bellingham Real Estate Guy
Want to find the most affordable homes in Bellingham?
Spam prevention

Additional Information