Whatcom County’s housing market continued an upward trend in November, according to new numbers from the Northwest Multiple Listing Service.
Closings on single-family homes and condominiums rose 9.1 percent last month compared to November 2011. So far this year, residential and condo closings are up 14.8 percent from 2011.
Whatcom NMLS brokers closed 192 sales last month. Through November, they have reported 2,203 closings in 2012.
Inventories in markets around the Northwest continued shrinking, according to the NMLS. Small inventories can drive more aggressive offers for homes on the market, said brokers with the service.
The median price on homes in Whatcom County increased 14.9 percent in November from the same month last year.
Last month, the county’s median price was at $238,950.
Year-to-date, the median price in Whatcom was $240,000, a little more than 2 percent higher than during the same period one year ago.
Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership includes more than 21,000 real estate brokers. The organization, based in Kirkland, serves 21 counties in Washington.
Contact Evan Marczynski at firstname.lastname@example.org or call 360-647-8805.