Coldwell Banker Relocation Team

This graph shows the number of homes for sale in Bellingham through 2009, and it shows the number of homes sold each month during the same time period. By doing some simple math, it also shows something else--some insight into the strength of the market.

Notice that in December of 2008, 402 homes were for sale, and 44 sold, that is, 11% of homes for sale sold in that month. In contrast, in December of 2009, 374 homes were for sale, and 69 sold, that is, 18% of homes for sale sold in that month.

Therefore, toward the end of 2009, a greater percentage of home for sale have sold compared to the last months in 2008. That certainly is good news. Not just for the sale of homes, but for the economy overall.

There is a belief that home sales is a major driver in the strength of the economy. When people buy and sell homes, tremendous sums of money flow into the economy--moving costs, new furniture, renovations, etc. Furthermore, sales of existing homes tends to spur new home construction that puts even more money into the economy.

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Useful Information About Bellingham Real Estate
by Tom DeRose