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Dennis Kelley

Possible Slight Sales Increase in Ferndale Real Estate for October 2008.

Ferndale, WA

Recent numbers from the Northwest Multiple Listing Service show a slight increase in real estate sales from September. Last month 18 homes sold in the Ferndale region making it two months in a row with positive numbers. For the month of October, there are currently 8 homes sold and 10 homes pending sale, which would match last months totals. There is however 3 pending sales for vacant land in the Ferndale area which saw no activity at all last month. Keep in mind there are still 4 days left in the month, but we seem to be seeing an increase in sales in what many consider the slower months of the year. Since August we have seen a market that is selling homes while the inventory is shrinking. This would be positive news for home sellers who still have a home listed as this also brings higher demand. With homes sales starting to rise across the nation and interest rates being low, it looks like the bottom has been reached and the market has nowhere to go but up. Add to this scenario an election looming in just nine days, we could be looking brighter days ahead. Only time will tell. To view some of the great homes for sale in Whatcom County including in the Ferndale area click on one of the following links, or go to my website at www.DJKELLEY.com.

Ferndale Homes

Bellingham Homes

Whatcom County Homes