By Dave Gallagher | The Bellingham Herald
Photo courtesy of Philip A. Dwyer | The Bellingham Herald
Whatcom County is shifting from a long-time sellers’ market to more of a balanced market. Last month, there were 52 more house and condominium sales than in October 2016. Even more notably, there has also been a 16% increase in inventory over the last year.
“Buyers are more in control than three months ago,” Darin Stenvers, Managing Broker of John L. Scott Bellingham, said. Stenvers also indicated that sellers will still get a good value, however their pricing will have to be more in line with the market.
A balanced market between buyers and sellers generally has about six months of inventory. In Whatcom County, the months of inventory (for houses and condos) was 2.29 in October according to the NWMLS. Stenvers says that this is continuing to rise, and that according to his data the months of inventory is closer to 4 months for houses. A balanced market between buyers and sellers generally has about six months of inventory.