WCRER Housing Analysis/ 2009 2nd Quarter/ Whatcom County WA

According to the Washington Center for Real Estate Research 2009 Second Quarter Housing Analysis; Whatcom County home re-sales were up 10.0% from the previous quarter, and down -15.7% from the second quarter in 2008. Statewide home re-sales were up 11.6% from the previous quarter and down -15.6% from the second quarter in 2008. Overall building permits in Whatcom County are down -51.1% from the second quarter of the previous year, in comparison to the -55.5% reduction statewide. The median re-sale home price in Whatcom County is up to $265,000 (down -5.4% from the second quarter in 2008), slightly below the statewide median of $265,100 (down -9.2% from the second quarter of 2008). The 2009 second quarter Housing Affordability Index (HAI) was 110.3 for Whatcom County, lower than the statewide index of 123.2