Current Numbers that Matter – Week 11

Getting Things Rolling Again

After being cooped up for so long, no doubt you have noticed things around your home that you would like to fix or upgrade. Many contractors are slowly getting back to work after weeks of not being able to, and I have had clients asking for referrals of those I trust for the work. My Vendors page on my website has a list to all my trusted contractors.

BACK TO THE DATA

While the number of New Listings in 2019 remained the same over the last 2 weeks at 115, the number of New Listings over the last week this year increase by 13.

UNDER CONTRACT

Below is an accounting of all of the active listings on the market in our three major markets along with all of the sales that went under contract from 5/23 to 5/29/20 (pulled around Noon PST) and the percentage relationship between those numbers.

Minor fluctuations again. The biggest to note this week is Bellingham, which saw an increase of 10 new Active Listings, and dropped from 40 to 25 homes Under Contract.

ADOM

The second chart represents the Average Days on Market (ADOM) for the homes that are currently active and that went under contract between 5/23/20 and 5/29/20. “Days on Market” is how long the home was active on the market before the seller accepted an offer.

AGAIN- Actives in all 3 areas continue to stay at a pretty steady DOM number over the weeks. As in a normal market there’s some fluctuation week-to-week in the DOM for the under contract sales.

% PRICE DIFFERENCE

The last set of data below is the average prices of the active listings and the average prices of the homes that went under contract last week. What we are mostly paying attention to here is how the % difference is changing from week to week to see how COVID-19 might be affecting the offer price that homes receive.

Lynden made a come back this week with higher than average price homes going pending.

Posted on June 2, 2020 at 12:05 am
Tracie Gulit | Category: Market Updates, Trends

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