The market continues on a frenzy like we have never seen before. I broke down the first quarter in great detail here.
Here is the quick stats:
-Home appreciation is up 16% in Whatcom County over the last 4 months. 10% in Bellingham.
-The median home price in Bellingham is now $601,000. The median home price in Whatcom County is $525,000.
-Home sales are down 10% in Bellingham and throughout Whatcom County.
-Interest rates have risen back up to pre-pandemic rates, closer to 5.0%.
Valerie Richardson and I review the 1st quarter of 2022, and discuss what’s next.