Historically, around this time of year, the real estate market slows dramatically. Throughout the summer--May through September, home sales have been relatively stable with small ups and downs in volume.

 

To find out if the historical fall/winter slowdown has begun, I compiled data for the past 4 weeks on home sales and listings for Bellingham; they are shown in the graph below. The graph shows the number of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

While there is variability in the data, there is no indication that there is a seasonal slowdown yet. The number of homes sold this past week is close to the number of homes sold 4 weeks ago. New listings are close to what they were 4 weeks ago. Pending sales are down--and pending sales are a harbinger of home sales. So Pending sales may indicate a slowdown. I will check the data next week and report then.