Whatcom County Housing Market Second Quarter 2011

According to the Washington Center for Real Estate Research 2011 Second Quarter Housing Analysis; Whatcom County home re-sales ( # of units sold) were down -3.6% from the previous quarter, and down -8.7% from the second quarter in 2010. Statewide home re-sales ( # of units sold) were down -4.0% from the previous quarter and down -11.3% from the second quarter in 2010. Overall building permits in Whatcom County were down -17.8% from the second quarter of the previous year, in comparison to the 33.6% increase statewide. The median re-sale home price in Whatcom County was $253,000 (Up 1.1% from the second quarter in 2010), above the statewide median of $226,900 (down -7.6% from the second quarter of 2010). The 2011 Second Quarter Housing Affordability Index (HAI) was 128.00 for Whatcom County, lower than the statewide index of 154.7.

More Info: http://www.wcrer.wsu.edu/WSHM/WSHM.html