Bellingham Real Estate March Market Update

Bellingham Real Estate Market Update for March 2008

The Bellingham real estate market continues to rise. While the average sales price has bounced up and down in 2008, the number of homes sold each month has continued to rise. 77 homes sold in Bellingham this March, compared to 66 in February and 60 in January. 61 homes are also currently pending in Bellingham. It is expected that home sales will continue to increase throughout the spring and into summer.

While the number of sales has increased, so has the total inventory. The number of available homes in Bellingham has increased from 489 to 522 since the end of January 2008. The average days on market for sold homes in Bellingham has been around 95 days.

60 Homes Sold in January

Median Listing Price – $299,950

Median Sold Price – $296,475

Average Listing Price - $375,652

Average Sold Price - $359,596

Average DOM – 92

68 Homes Sold in February

Median Listing Price – $304,400

Median Sold Price – $294,450

Average Listing Price - $378,641

Average Sold Price - $366,515

Average DOM – 106

77 Homes Sold in March

Median Listing Price – $299,000

Median Sold Price – $290,000

Average Listing Price - $356,962

Average Sold Price - $345,735

Average DOM – 91

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