Whatcom County saw a significant increase in combined sales of single-family homes and condominiums in April, according to the latest statistics from the Northwest Multiple Listing Service.
NMLS brokers in the county reported 212 closed residential sales last month, up 30 percent from the 163 closings during the same month one year ago.
From January through April of this year, brokers have reported 684 closed sales, up from 595 during the comparable time period in 2012, according to NMLS statistics.
The median-sale price of single-family homes and condominiums in Whatcom County was $248,250 in April, up from $245,000 during the same month in 2012. Average-sale price in the county in April was $276,733, up from $268,898 during the same month last year, according to the NMLS.
Real-estate brokers across the region—the NMLS operates in 21 counties in Washington—noted an increased volume of new listings on the market, reaching the highest level seen since July 2011.
NMLS members added 10,351 new home listings in April, a gain of 12.9 percent from the 9,166 new listings during the same month last year.
Whatcom County had 447 new listings of single-family homes and condominiums added in April, up nearly 19 percent from the 376 reported during the same month in 2012. The county’s 1,303 active listings in April was down from the same month last year, when active listings totaled 1,375.
Despite the jump in new listings across the region, inventory shortages continue, prompting what the NMLS describes as “bidding wars” in some areas.
Region-wide, closed residential sales increased 20 percent from 5,177 in April 2012 to 6,209 last month. The region’s median price also rose from $240,000 to $269,950.
Evan Marczynski, lead reporter for The Bellingham Business Journal, can be reached at 360-647-8805, Ext. 5052, or firstname.lastname@example.org.