The May 2022 RE/MAX Housing Report is seeing a seasonal pick-up. This means that buyer demand is still serious and sellers are eager to put their homes on the market for spring time. So, it's still a great time to buy and sell! Bellingham listings were on the market for an average of 9 days. That's a 10% decrease from May 2021.
The lack of inventory plays a large role in the increase of home prices. However, there has been a slight increase in the amount of homes being sold. The average available listings had a 23% increase compared to May of last year, 2021, in Whatcom County.
Dig into the details of the May 2022 Market Reports below.
|Area||Avg. Sold Price||New Listings||Active Listings||Sold Listings|
|Birch Bay / Blaine / Point Roberts||$655,000||74||81||52|
|Mount Baker / Deming||$369,000||56||57||30|
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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.