Hello February! We will welcome your entrance with open arms and hope you bring us sunnier days. January was filled with lots of rain, snow storms, and gloomy days and we would love to get some sunshine up here in the Pacific Northwest. As for the real estate market, we did see some positive changes compared to last month! The supply of inventory in Lynden has gone up a full month since December which means more homes are hitting the market and giving buyers more options. As for prices, the average residential property sold for just under $400,000, which is fairly level with the last few months and could foreshadow stabilizing market growth in the local area. We also want to note that borrowing money is very inexpensive right now, with 30 year fixed mortgage rates down below 3.5%! Take a look at the infographic below for the stats, and give us a call if we can offer any further advice or insights!
