Pending Ratios- How Many Homes For Sale Have Pending Offers On Them?

Sold SignEvery week we track the number of homes on the market that have offers on them and those that do not and create a ratio we call Pending Ratios. This weeks numbers were great with all areas either remaining stable or up in pendings.

As of Saturday, February 18th, the pending ratio in Bellingham was 21% . Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

Birch Bay had a pending ratio of 20%

The Lynden area in East Whatcom County has a pending ratio of 25%

The Sudden Valley pending ratio was 24%

The Ferndale pending ratio was 26%

If you would like to search for Real Estate in Bellingham and Whatcom County that is currently for sale visit The Johnson Team Real Estate’s Property Search Page to search.

To view a complete history of Whatcom County Pending Ratios or for other real estate statistics don’t hesitate to contact The Johnson Team at (360) 303-2734 or by email at Info@JohnsonTeamRealEstate.com

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Comments

  1. Eric says:

    Interesting stats. I would think that anything over 25% signifies a sellers market. And lower than 15% puts the buyers in control.

    Either way, great blog, I’ll check back again in a few days, and visit and comment on my Mississauga condo Blog when you get a chance – http://www.MySquareOneCondo.ca

    Cheers!