Whatcom real estate sales pick up between April and May


Whatcom County residential sales picked up in May but are still off last year's pace.

Last month local real estate agents sold 260 single-family homes and condominiums locally. While up 37 percent compared to April, Whatcom residential sales were down 6.8 percent compared to May 2013.

The median price on those units sold was $260,500, up 4.2 percent compared to May 2013, according to the data from the Northwest Multiple Listing Service. The NWMLS estimates Whatcom County has six months of housing inventory, which is typically considered the level needed for a balanced market between buyers and sellers.

In the 21 Washington counties the NWMLS serves, 7,187 houses and condos sold last month, down 2.2 percent compared to May 2013. Inventory was estimated at 3.3 months.

In Skagit County, 159 houses and condos sold last month, up 6.7 percent compared to a year earlier.

Reach Business Editor Dave Gallagher at 360-715-2269 or dave.gallagher@bellinghamherald.com. Read the Business Blog at bellinghamherald.com/business-blog or get updates on Twitter at @bhamheraldbiz.

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