I was talking with some colleagues in my office how difficult it has been to find a suitable home for the buyers we are working with. We can't find anything. I sensed inventory is dropping but never took the time to find out just how much. Using Trendgraphics a 3rd party site that has all active, pending, and sold properties listed I was astonished to find out that we haven't had this low of inventory in over 5 years! It may be much longer even! There are only 106 active homes for sale in Lynden. That gives us a 5.7 month absorption rate of inventory. Crazy low! Instead of taking your home off the market or even waiting until spring to list, now may be a fantastic time to try and get it sold. With interest rates hovering around 3% it would be foolish to wait any longer. Better get on it! Call me today if you want to discuss your own personal situation.
Social Links Widget
Click here to edit the Social Media Links settings. This text will not be visible on the front end.
Uncategorized • October 12, 2012
Lowest inventory in Lynden in over 5 years!
by Loren VanCorbach
Uncategorized Why is there no inventory? I hear it often…Why are there no homes for sale in Whatcom County? Many sellers are afraid to list their homes out of fear of selling quickly with no place to move to. Baby boomers are not retiring. Staying in their homes longer means less supply. Remodeling is on the increase as an option to […]