Whatcom's housing market keeps up brisk pace in September

Closed sales and sale prices on homes and condos in Whatcom County increased in September, compared to the same month last year, according to the latest figures from the Northwest Multiple Listing Service.

NMLS real-estate brokers in Whatcom County reported 259 closed sales on single-family homes and condos in September 2013, up 19.91 percent from 216 closings in September 2012.

The average price on closed sales in September was $301,552, up 8.63 percent from a $277,557 average during the same month last year.

The median price in September was $269,000, up 12.11 percent from $239,944 in September 2012.

The heightened activity continued an upward trend that has held steady in the market throughout 2013.

NMLS directors reported some uncertainty on whether the positive pace of housing markets around the region would continue into the fall, a season where activity traditionally begins to scale back.

Some of those uncertainties centered on the impact of the federal government shutdown. Mortgage lenders could face challenges verifying information with certain shuttered federal agencies, including the IRS, which could affect the ability to get home loans approved.

Across the 21 counties the NMLS serves in Washington state, the average closing price on single-family homes and condos was $349,649 in September. The median closing price was $278,000.

Whatcom County’s market had 5.29 months of housing inventory in September 2013, according to the NMLS. Whatcom’s inventory level was above the average of 3.32 months reported across the region.

Whatcom County’s housing market, September 2013
Includes single-family homes and condominiums

Closed sales
Total: 259 (19.91 percent increase from September 2012)
Average price: $301,552 (8.63 percent increase)
Median price: $269,000 (12.11 percent increase)

Pending sales
Total: 303 (11.81 percent increase)
Average list price: $275,547 (2.73 percent decrease)
Median list price: $239,000 (4.40 percent decrease)

Active listings 
New: 311 (14.34 percent increase)
Total: 1,602 (4.77 percent increase)
Average price: $359,327 (7.05 percent decrease)
Median price: $289,000 (3.21 percent increase)

Source: Northwest Multiple Listing Service

Evan Marczynski, staff reporter for The Bellingham Business Journal, can be reached at 360-647-8805, Ext. 5052, or evan@bbjtoday.com

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