Whatcom County Housing Update - Resale Only
Focus on each new listing
Although fewer homes are going under contract and fewer new resale listings are coming on the market, the Sales Activity Intensity™ for new resale listings going under contract within the first 30 days remains resilient.
There is strong intensity for new resale listings up to $1.5 million and selective buyer activity above $1.5 million.
SALES ACTIVITY INTENSITY™ SCALE
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Housing Update - Resale Only
KEY MARKET INDICATORS NOVEMBER 2022 (October Recap)
Although the 2022 housing market has experienced a major intensity adjustment, the amount of unsold inventory
is currently low in the more affordable and mid-price ranges where more than 80% of sales activity takes place.
The start of the new year will be the low point for unsold inventory.
THE CURRENT HOUSING MARKET IS NOT LIKE THE GREAT RECESSION OF 2008