What’s a Balanced Market?

What’s a Balanced Market?

We’re in one.

If you’ve been following the real estate market in Whatcom and Skagit County, you may have noticed a shift. After years of wild ups and downs, we’re finally in what’s called a balanced market. But what does that mean?

In real estate, a balanced market happens when there’s about the same number of buyers and sellers. It means homes are not selling in one day, but they’re not sitting for months either. Prices aren’t rising super fast, but they’re not falling sharply either. It’s steady—and that’s good for everyone.

A common way to measure the market is months of inventory—how long it would take to sell all the current homes for sale at today’s pace. A balanced market usually has about 4 to 6 months of inventory.

As of July 2025, Whatcom County had about 4.5 months of inventory, and Skagit County had around 4.3 months. That puts both counties right in the middle—not a buyer’s market, and not a seller’s market. It means homes are priced more fairly, and buyers have time to think before making an offer.

If you're a buyer, you’ll likely face less competition than in past years. You may even be able to negotiate a better price or ask for repairs. If you’re a seller, your home can still sell quickly—if it’s priced right and in good shape.

In short, a balanced market gives both sides more breathing room. Whether you're thinking of buying or selling, it’s a great time to talk with a local real estate expert and make a smart move.

Faithfully yours,

John and Jeremiah

The Ramsey Team LLC
Keller Williams Western Realty
360.499.2221
johnramsey@kw.com
2211 Rimland Dr, #124
Bellingham, WA 98226