It will be interesting to see how this month finishes but I think it's fair to say it was a pretty slow month for real estate in Whatcom County. There is a shortage of inventory which may be contributing to fewer homes pending but we are definitely lacking buyers. Even on some of the lower priced inventory the homes are not moving nearly as quickly as they were just a month ago. I find it surprising too with the interest rates remaining ever so low. May of 2013 was our strongest month of the year for the number of homes that went under contract in Whatcom County. So if that trend is similar this year (typically real estate is very cyclical )one can only expect things to perk up soon!
I need buyers!
Posted on February 28, 2014 at 6:11 pm Loren VanCorbach