Whatcom home sales improving, but market still in recovery

Home sales in Whatcom County during September were not able to keep pace with summer activity, but last month’s figures showed improvement from 2011, according to new data from the Northwest Multiple Listing Service.

There were 216 closings on single-family homes and condominiums reported last month. That’s up 3.35 percent from September 2011.

Numbers of closed sales in Whatcom County throughout the year have been above those reported in 2011, according to NMLS data.

The same thing is happening in counties across western Washington. Yet housing inventory remains thin, according to NMLS.

An environment that combines stronger sales and home prices with a limited number of homes to choose from has disappointed buyers who are slow to accept the realities of a market still in recovery, said brokers connected to the listing service.

Through three-quarters of 2012, statewide closed sales are up 14.6 percent from last year.

Last month, brokers reported 5,535 closed sales in Washington—up nearly 11 percent from September 2011.

Sale prices are also improving.

The median home sales price last month in Whatcom County was $239,944, according to NMLS. It’s a 6.64 percent increase from September 2011.

Statewide, the median was set at $255,500, a 9.21 percent increase from last year.

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 evan@bbjtoday.com or call 360-647-8805. 

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