Housing activity slows seasonally, but less than usual

Housing activity typically ebbs in August and brokers statewide detected a slowdown last month, but less than usual, according to a press release from the Northwest Multiple Listings Service (NMLS).

In Whatcom County, August indicators including the number of sales, new listings, and pending sales slowed from the month before.

According to the NMLS data, 368 sales closed in August, four less than the previous month. The number of active listings in August hardly changed, going from 1,289 in July to 1,247. But the number of new listings dropped by 21 percent.

The number of pending sales was 405 in August, down from 504 the previous month.

All three of those indicators, however, showed growth when compared with August 2014. Year over year, closed sales in August were up 16.9 percent, new listings were up 4.07 percent, and pending sales were up 10.35 percent.

Whatcom County housing market, August 2015
includes single-family houses and condominiums combined

Closed sales—Units: 368 (annual change: 16.09 percent increase); average sale price: $300,094 (annual change: 2.33 percent decrease); median sale price: $280,000 (annual change: 5.67 percent increase).

Active listings—New: 384 (annual change: 4.07 percent increase); total active:1,247 (annual change: 13.16 percent decrease); average price: $433,011 (annual change: 12.64 percent increase); median price:$345,000 (annual change: 15.04 percent increase).

Pending sales—Units: 405 (annual change: 10.35 percent increase); average list price: $302,250 (annual change: 5.30 percent increase); median list price: $280,000 (annual change: 8.15 percent increase).

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