Published December 21, 2020
Slow Season? What Slow Season?
As a whole, real estate activity drops in the winter months, there’s no doubt about it. November through February are typically the quiet months, especially as compared to peak season of June through August.
Bellingham closed residential sales - monthly - last 10 years
As with any aspect of real estate market analysis, it is critical to keep in mind that general facts do not apply equally in every situation. Seasonality is not a perfect rolling wave and varies from year to year and within different niche markets, as you can see here:
Lynden closed residential condominium sales - monthly - last 10 years
And as economic factors change over time, we see more homes showing up in some price points:
Bellingham closed $750k+ residential - monthly - last 10 years
If you watch any of our team’s weekly market updates, you know that we nerd out on understanding the movement of houses in our area.
But regardless of the market’s movement as a whole, there are always people out there who need to make a housing change. Whether it’s finding a smaller place later in life, or expanding to fit a growing family, or looking at options now that work from home trends offer more mobility, or any of a myriad of reasons, people need homes to live in.
And for our team, that meant that last week alone we put 6 properties under contract and closed two more. From an investment property purchase in Mount Vernon to Leo’s neighbors moving away, these contracts represent real people making real decisions for the next step of their lives. And we’re here for you during that process.
So while each person on our team is looking forward to taking some time off this weekend and enjoying a 2020-style holiday, we’re also very much in business and available! 2021 is shaping up to be another busy year in the real estate world of Whatcom County, and we’re ready to go!
