Housing inventory, sales data show steady market

The number of closed sales and pending sales for homes and condos in Whatcom County was higher this November than last, according to a new report by Northwest Multiple Listings Service.

NMLS brokers in Whatcom County reported 218 closed sales in November, that’s an 8.7 percent increase from 199 in November 2013.

The number of new listings on the market grew at a similar pace. New listings are up 8.3 percent year-over-year, and total listings are down 6.7 percent year-over-year.

Lylene Johnson, listings specialist at the Muljat Group, called the area’s housing market stable.

“Overall, the market has slowed down a bit as we have gone through the year,” she said. “It’s a pretty stable market.”

In the lower price ranges and especially for homes less than $250,000, inventory is tight, Johnson said.

Whatcom County’s housing market, November 2014.

Closed sales
Total: 218 (up 8.7 percent from 199 in November 2013)
Average price: $288,712 (down 2.1 percent from $294,779 in November 2013)
Median price: 265,000 (down 1.8 percent from $260,000 in November 2013)

Pending sales
Total: 268 (up 11.9 percent from 236 in November 2013)
Average price: $291,526 (up 4.0 percent from $279,818 in November 2013)
Median price: ($272,475 up 4.9 percent from $259,000 in November 2013)

Active listings
New: 218 (8.3 percent from 200 in November 2013)
Total: 1,203 (down 6.7 percent from 1,283 in November 2013.)
Average list price: $387,087 (up 5.2 percent from $367,062 in November 2013)
Median list price: $299,000 (up 6.4 percent from $279,900 in November 2013)

Source: Northwest Multiple Listings Service

 

 

Related Stories