Whatcom County real estate sales continue to plug along at a steady rate even though inventory remains relatively low.
Local real estate agents sold 305 homes and condominiums at a median price of $265,000 in July, according to data from the Northwest Multiple Listing Service. That's the highest monthly sales total so far in 2014 but down 5.6 percent compared to July 2013. The median price is up 5.2 percent compared to a year ago.
Sales remain steady locally despite inventory remaining slightly below six months. A six-month inventory usually indicates a balanced market between buyers and sellers. In King County, where sellers have leverage, the inventory is below two months, with the median price for those homes and condos selling for $425,000 in July.
Across the 21 counties the NWMLS serves, 7,878 homes and condos sold last month, up 1.4 percent compared to a year ago. The median price for those sales was $300,000, up 6.3 percent year over year.
In Skagit County, 158 homes and condos sold last month, down 7.1 percent compared to a year ago. The median price for the Skagit sales last month was $219,500.