Are you letting the high price of homes in the Bellingham area keep you from buying? Fear not! So many clients come to us wanting to buy a new home but certain they won’t be able to afford it, and
Listing Inventory Across The Country Finally Increasing
Thanks to the historic inventory shortage, it’s been tougher than ever for potential buyers to find a home, especially in the Bellingham area. And if they do find a home that suits their needs, beating out the other buyers vying for the property has been tough as well. With certain price ranges around Whatcom County, finding oneself in a multiple offer situation is now the norm, leaving buyers feeling distressed and defeated.
Up until recently, the hyper-competitive market was starting to discourage potential homebuyers from buying at all. In fact, in March 2018 the number of buyers requesting home tours dropped 1.4% nationally, and the number of buyers writing offers dropped nearly 2% (according to the Redfin Housing Demand Index).
However, according to the Demand Index, in April, newly listed homes for sale were up an impressive 6.6% year-over-year. It looks like the tides are (finally) starting to turn for potential homebuyers. If you've been holding off on your home search because of the lack of inventory, now is a good time to start taking a look again.
This increase in inventory should make it a bit easier out there for potential homebuyers. So if you’ve been thinking about purchasing a home, now is a great time to make a move.
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End in Sight for Historic Housing Shortage
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We did it! Our first two Free Real Estate Workshops were a huge success! If you missed it, Golden Ticket Home Events has set up series of free workshops to help you explore the process of selling