Will Home Prices Fall as Mortgage Rates Rise? Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an
Bellingham Real Estate Market Report May 2015
Here's a quick a look at Bellingham home sales for May 2015. The number of sales is up by 18 compared to May 2014 and up by 2from last month.
The sales price is up by 7% compared to May 2014 and up by $29,176 from last month's average sale price of $384,130
May is a new high at $413,306 for Bellingham's Average sales price, But I think the average was skewed by 5 sales over $1,000,000. The median sales price is only $329,000
There is still only a 3 months supply of homes on the market right now, this is sure to lead to higher prices.
Interest rate have begun to rise and are predicted to keep rising.
Want to learn more about the market let's talk! If you have any questions or want to see any Bellingham Real Estate feel free to email me at or give me a call at 360-739-6981
Michael was born and raised in Brooklyn NY. He graduated from Brooklyn College with a degree in Mathematics. His first job out of college was as an engineer tracking satellites. His last career before....