There is a lot of data in this graph of home sales, new listings, and pending sales in Whatcom County, and therefore difficult to read. However, the data is import in that it shows where we are headed in real estate sales.

 

For this discussion, I'll focus on homes sales in July of 2007, 2008, 2009, and 2010 (the gray line in the graph). 290 homes sold in July 2007. 230 homes sold In July, 2008. Sals In July, 2009 also were 230.  But in July of 2010, home sales were 130. So while sales held from 2008 to 2009, there has been a 43% decrease in July of 2010  Furthermore, home sales are trending down in 2010, while they were holding stable in 2009, and trending up in 2008.