January 2025 Market Update: More Listings, More Opportunity—Why Buyers Need an Advocate Now More Than Ever

The start of 2025 is bringing some big shifts to the Whatcom County housing market. With new listings up 61.9% for residential homes and 60% for condos, buyers finally have more options to choose from. But while inventory is growing, prices are adjusting, competition remains, and the need for expert representation is greater than ever.

What’s Happening in the Market?

🔹 More Homes to Choose From – Active listings jumped 40.4% for residential homes and 56.4% for condos. More inventory means buyers have more negotiating power than they did even a few months ago.

🔹 Price Adjustments – The median sales price for residential homes dropped 9.1%, while condos saw a 22.9% increase. This means buyers in the single-family market could find deals, while condo buyers should expect increased competition.

🔹 Homes Are Selling Faster – The average days on market dropped 13.6% for residential homes, showing that well-priced homes are moving quickly. If you're waiting for prices to drop further, you might miss out on the best opportunities.

🔹 Interest Rates & Market Timing – While many buyers are hoping for rate cuts, the reality is that when rates drop, demand will surge—bringing back multiple-offer situations and higher prices. If you can afford today’s payment (or even assume a seller’s lower-rate loan), now is the time to buy before the market gets even more competitive.

Why Buyer Representation Matters More Than Ever

With shifting prices, increasing inventory, and changing market conditions, having a buyer’s agent is no longer optional—it’s essential. Here’s why:

✅ Negotiation Power: More inventory means more leverage for buyers. A skilled agent helps you secure the best price and terms, especially in a fluctuating market.

✅ Market Expertise: Understanding which homes are priced right, which ones will move fast, and which ones could be negotiated down is key to making smart decisions.

✅ Guidance on Loan Assumptions & Creative Financing: In 2025, assuming a seller’s lower-rate mortgagecould be a game-changer. A knowledgeable agent will help you navigate these opportunities.

✅ Avoid Costly Mistakes: Real estate transactions are complex. A buyer’s agent ensures you don’t overpay, overlook inspection issues, or sign unfavorable contract terms.

Bottom Line: Don’t Wait for the Perfect Conditions—Act Now

The best time to buy isn’t when rates hit rock bottom—it’s when you find a home that fits your needs and budget.With inventory on the rise and sellers more open to negotiation, now is the time to take advantage before the market shifts again.

Looking to buy in 2025? Let’s talk about how I can protect your interests, negotiate the best deal, and help you navigate the changing market.

📞 Call/Text me at 360-220-7523 or DM me today!

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