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Market Report: Foreclosures on upswing in Whatcom County during October

Foreclosures of real estate property in Whatcom County were up in October, mirroring a national trend.

Foreclosures nationwide rose 15 percent compared to September, according to RealtyTrac, an online resource for housing data. October tends to be a month when foreclosures rise because banks want to get ahead of the usual holiday foreclosure moratoriums, said Daren Blomquist, vice president at RealtyTrac.

Blomquist added that this type of increase nationally indicates more than seasonal patterns at work; distressed properties that have been in a holding pattern for years are finally being cleared for auction.

In other indicators, the median sales price for existing family homes rose slightly from September to October, but the numbers of homes on the market and the number of homes sold both cooled off last month.

Here are the trends:

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