Bellingham home sales stabilizing, thanks largely to first-time homebuyers
Tags:Bellingham Herald, Bellingham home sales, Dave Gallagher, first-time homebuyers, stabilization
Bellingham Herald Business Editor Dave Gallagher recently wrote this article, which points out that Bellingham’s home sales have stabilized for the first time since 2007. As the article mentions, 82 Bellingham homes sold in the month of May; the same number of homes sold in May of last year.
Whatcom County home sales outside of Bellingham have yet to reach this point. Many local areas are still seeing year-over-year deficits in terms of the number of home sales going through.
One of the other local trends that I commented on in this article is that most homes are being sold in the $350,000 and under price range. This tells us that a lot of first-time homebuyers are getting in the mix as of late, and that this segment seems to be driving this local stabilization.
