This great graph shows how the number of active home listings in Bellingham Wa. has progressed over the last 12 months.
As expected, the market had more inventory in the fall and winter months (that does not mean there were less transactions), than in the spring/summer months.
The interesting aspect of this chart (provided by the NWMLS) is that there is less inventory of active listings this year, compared to the same time last year which, was an incredible sellers market. While things evened out and buyers had better leverage in the fall, it looks like we are headed back to having less to choose from (which means multiple offers) for buyers looking to get that dream home.
There are several tips to getting a jump start against your buying competition that I would love to share with you. Contact me to discuss how to move forward in this HOT market!
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