3 Reasons the Real Estate Market Could Change in 2022

Andi • January 25, 2022

As we roll into the new year, one of the hottest topics nationwide continues to be the real estate market. It’s no surprise since 2020 and 2021 proved to be record-breaking years for real estate! Most people in the industry have been the busiest they’ve ever been.

In describing the last two years, the word that comes to mind is ruthless. This market has been going what seems to be 100 mph! It has really been the perfect storm with extremely low inventory in markets across the country and demand, unlike anything that we had seen before. But the question is, “Will 2022 be the same market as the last two years?” The short answer to this question is yes and no.

Here are 3 reasons why I think we should expect some changes to the real estate market in 2022.

1. Interest rates:   Interest rates are expected to climb this year. We have been blessed the last couple of years with interest rates floating, for the most part, in the 2% range. The low-interest rates were a major contributing factor to the real estate craze that we saw in 2020 and 2021. One key takeaway for buyers to understand is that interest rates will rise this year.

Dr. Lawrence Yun, the National Association of REALTORS® chief economist, expects that the 30-year fixed mortgage rate will increase to 3.5% by the end of 2022 as the Fed raises interest rates to control inflation. Those buyers who have been considering purchasing a home this year might want to consider doing it sooner than later. Although the increase in rates will still leave them at historic lows, the rate hike could affect the purchasing power of some
buyers.

Another thing buyers will want to keep in mind if they are in the process of buying new construction with a completion date of months down the line is that the rate they were quoted initially could be different when they are able to lock in loan closer to the closing date. For most lenders, that optimal period to lock in is usually 30 days out from the closing date. So advise your buyers to keep in frequent contact with their lender on where rates are at as you go since rates will be changing.

2. Inventory:  Inventory continues to remain at historic lows. The demand to purchase a home is still very high compared to the amount of inventory that is on the market. It’s expected that 2022 will once again remain a sellers’ market.

Those who have considered selling their homes might want to consider getting all of their ducks in a row now to capitalize on the market we are headed into. Although sellers will maintain the upper hand, sellers want to keep in mind that this market is much different than it was two years ago. I think it’s important for the listing agent to set realistic expectations with sellers on what to expect this year. Our country is dealing with several forces at hand, including the ever-present coronavirus with the spread of the new Omicron variant.

The market that we are in is not expected to be like the ones we have seen for the last couple of years. The chances for multiple offers are still likely, but the odds of getting an offer with those insane terms we were seeing (i.e., thousands over the asking price, no contingencies, etc.) is less likely. Pricing is going to be key in this market.

The other side of this is for buyers—they should understand that inventory will remain low, but it is expected to slightly increase. This will be beneficial to buyers as they will not be facing the same amount of competition that we had been seeing over the past two years. First-time buyers and VA buyers can rest assured that they will be able to find success in this new market.

3. Prices:  When I describe how pricing has been in the real estate market over the last couple of years, use the analogy of being on a rollercoaster that has been going up and up, and we haven’t gone down the other side yet. The hard truth is that prices are not expected to go down. We are still at the top of that hill due to the demand we are still seeing. For all those buyers who have been waiting on the sidelines for the market prices to drop, they have missed out on the opportunity for some pretty sweet equity. Prices are expected to climb still in 2022 but at a much slower pace than we have been seeing over the last two years. Experts expect price increases somewhere between 5% and 7% for 2022.

While there is no expectation of prices coming down, interest rates will play a major part in buyers’ decision to purchase this year. For a buyer who is rate conscious, they will want to consider buying as early as they can in 2022. Their purchase price power will be impacted not only by the increase in demand in the market, but by the rate that they’re are able to lock in.

All in all, the 2022 real estate market is expected to be another great year! There will be some changes compared to the years past that will be overall good for both buyers and sellers. Share this information with specifics about your market for your potential clients. Overall, 2022 will bring in a nice breath of fresh air for the industry.

January 8, 2022

By Hazel Emlen

By Andi Dyer November 25, 2025
The Bellingham real estate market in 2025 has found a steadier rhythm. It’s more balanced, less frenzied, and far friendlier to buyers who come prepared. After several years of bidding wars and lightning-fast decisions, inventory has increased and prices have leveled, creating room for strategy and nuance again. That’s where a thoughtful negotiation plan makes all the difference. Understand the Current Market Landscape Buyers today have more leverage than they’ve had in years. With homes spending longer on the market and sellers adjusting expectations, understanding current pricing trends and comparable sales is key. I guide my clients through real-time Whatcom County data — reviewing price per square foot, recent closings in their preferred neighborhoods, and seasonal patterns — so every offer is rooted in fact, not emotion. Knowing what homes are actually selling for helps buyers negotiate confidently without overpaying. Leverage Increased Inventory With more listings available, buyers finally have room to slow down and make informed choices. Take the time to conduct thorough inspections, ask questions, and request repairs or credits when they’re justified. Still, timing matters. Desirable homes can move quickly, even in a calmer market. Having a pre-approval letter ready and showing flexibility with contingencies can set you apart. Sellers appreciate serious, prepared buyers who make the process smoother and more predictable. When I negotiate for clients, I focus on solutions, not standoffs — framing each request as a way for both sides to move forward comfortably. Craft Strategic, Seller-Friendly Offers Strong offers in a balanced market are built on precision, not pressure. A winning offer often combines fair pricing, flexibility, and professionalism. Smart buyers should: Land near fair market value to attract attention without sparking a bidding war. Use escalation clauses only when true competition exists. Match the seller’s preferred timeline for closing or possession. Limit or waive contingencies only when fully confident in the home’s condition. Small touches matter. Adjusting possession dates, offering to cover a minor fee, or writing a sincere personal note can make your offer stand out — without adding cost. Partner With Skilled, Local Negotiators Negotiation in Bellingham isn’t just about price; it’s about relationships. Local insight matters — from understanding micro-trends in neighborhoods like Fairhaven, Sunnyland, or Ferndale, to reading seller motivations and knowing how individual agents operate. My background in contract strategy and community leadership helps me structure offers that feel collaborative and professional — the kind that make sellers comfortable saying yes. The Bottom Line In Bellingham’s 2025 market, the best advantage for buyers comes from preparation, patience, and partnership. Clear communication, realistic expectations, and data-backed strategy turn negotiation from a guessing game into a confident, collaborative process. This new, more balanced market rewards buyers who understand timing, value, and the human side of real estate — securing the right home at the right price without the chaos of years past. Andi Dyer, REALTOR® RE/MAX Whatcom County 📞 Call: 360.734.6479 🌐 AndiDyer.com/schedule Expert Guidance to Buy, Invest, and Sell in Bellingham and Whatcom County Frequently Asked Questions 1. Is 2025 a good year to buy a home in Bellingham? Yes. The market is more balanced, giving buyers more negotiating power and time to make informed decisions without constant bidding wars. 2. Are home prices dropping in Bellingham? Prices have leveled slightly but remain steady. The market has transitioned from rapid growth to sustainable stability. 3. How long are homes staying on the market now? Most homes are spending longer on the market than in previous years, typically between 30 and 45 days, depending on price and condition. 4. What can buyers negotiate in 2025? Repairs, closing costs, or flexible timelines are common negotiation points. Sellers are often more open to conversation than they were in past years. 5. Why work with a local REALTOR®? Local agents understand neighborhood nuances, market trends, and the personalities behind listings — insight that can make or break a negotiation.
By Andi Dyer November 17, 2025
More Seattle buyers are choosing Bellingham right now primarily because of affordability, lifestyle, and the flexibility of remote work. With Seattle’s median home price around $766,000 in 2025, many buyers see Bellingham’s median price near $625,000 as a major opportunity to get more home for their money, often with larger lots, quieter streets, and the same Pacific Northwest charm. Bellingham offers the best of both worlds: a welcoming, small-town atmosphere paired with urban conveniences like a vibrant downtown, strong local arts, and steady employment sectors in healthcare, higher education, and technology. That mix helps sustain a healthy economy and keeps the area appealing for long-term living. Remote Work Opens the Door The ongoing rise of remote and hybrid work has changed how people think about “location.” Many Seattle-area professionals now realize they can keep their jobs and stay in Washington while escaping the high costs, traffic, and stress of city living. Bellingham makes that trade easy. It’s close enough to Seattle for visits or meetings but far enough away to enjoy a slower pace and a stronger connection to nature. Between Mount Baker, the San Juan Islands, and endless hiking and biking trails, it’s easy to see why people looking for balance are heading north. A Balanced and Competitive Market Nearly one in four Seattle-area buyers are exploring moves outside the metro area, and Bellingham is near the top of that list. The local market remains active but is far more balanced than Seattle’s, giving buyers more time and flexibility to find the right property. While desirable homes still attract competition, bidding wars are less intense, and inventory levels have improved. This creates a healthier environment for both buyers and sellers — a market where thoughtful preparation and realistic pricing matter more than speed. The Appeal Is Clear Seattle buyers are drawn to Bellingham because it delivers more value, space, and lifestyle without sacrificing access to the city’s cultural and professional connections. It’s affordable enough to feel like a smart investment, beautiful enough to feel like an escape, and connected enough to make the move practical. For many, it’s not about leaving Seattle — it’s about redefining what home looks like in the Pacific Northwest. Andi Dyer, REALTOR® RE/MAX Whatcom County 📞 Call: 360.734.6479 🌐 AndiDyer.com/schedule Expert Guidance to Buy, Invest, and Sell in Bellingham and Whatcom County Frequently Asked Questions  1. Is Bellingham more affordable than Seattle? Yes. With a median home price around $625,000 compared to Seattle’s $766,000, Bellingham offers noticeably more space and value for the money. 2. How far is Bellingham from Seattle? Bellingham is roughly 90 miles north of Seattle, about an hour and a half by car, making it close enough for business trips, family visits, or weekend plans. 3. What types of jobs are common in Bellingham? Major employment sectors include healthcare, higher education, small business, tourism, and a growing tech and remote-work community. 4. Is Bellingham a good place for remote workers? Absolutely. The area offers reliable internet access, quiet workspaces, and the freedom to enjoy outdoor recreation before or after the workday. 5. What makes Bellingham attractive for Seattle buyers? Lower prices, natural beauty, and a relaxed lifestyle top the list, but staying within Washington while maintaining career flexibility makes it even more appealing.
By Andi Dyer November 17, 2025
What I’m Listening To This Month Between showings, coffee stops, and scenic drives around Whatcom County, I love a good podcast to keep me company. Here are a few that have caught my ear lately—equal parts inspiring, hilarious, and a little mysterious. 🎧 Taskmaster: The Podcast If you love British humor, this one’s a treat. Each episode dives into the wonderfully chaotic world of Taskmaster, where comedians face absurd challenges with equal parts brilliance and questionable judgment. 🌍 Women Who Travel This series celebrates the ways women explore the world—blending candid storytelling, cultural insight, and pure wanderlust. Perfect listening for travel lovers and daydreamers alike. 🐾 Trained to Kill: The Dog Trainer, the Heiress, and the Bodyguard A true crime story rooted in Anacortes, this gripping series unravels a tangled web of loyalty, manipulation, and danger—each episode more surprising than the last. Have a favorite podcast to recommend? I’d love to hear it, especially something that pairs well with a drive along Chuckanut or a stroll through Fairhaven.
By Andi Dyer November 14, 2025
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By Andi Dyer November 13, 2025
Despite the perception of a “slow market,” winter 2025 in Whatcom County actually represents a real opportunity for sellers who adapt their approach strategically. After several years of rapid home price growth and extremely tight inventory, the market has entered a more balanced phase marked by higher inventory, steady buyer demand, and stable pricing across the region. Inventory Is Up — and So Is Competition Inventory has increased significantly over the past year. In Bellingham, active listings are up 41% year-over-year , with similar trends seen in Ferndale, Lynden, Blaine, and Birch Bay. This growth gives buyers more choices than they’ve had in years, but it also means sellers are competing for attention. Homes that stand out with professional staging, high-quality photos, and competitive pricing continue to sell quickly, even as the overall pace slows. Sellers who approach listing preparation thoughtfully are still seeing strong offers and solid closing timelines. Prices Remain Steady Home prices across Whatcom County have softened only slightly from their 2024 peaks but remain stable overall. The median home price currently hovers between $615,000 and $625,000 , with detached homes averaging around $620,000 . Average days on market have increased modestly, giving buyers a bit more breathing room — but that shift also highlights the importance of realistic pricing. Homes priced too aggressively tend to linger, while those aligned with current market data still attract steady interest. Ferndale continues to appeal to buyers seeking affordability and newer developments, while Bellingham holds its value thanks to its waterfront access, cultural amenities, and strong local economy. A Balanced Market Creates Strategic Openings With roughly 3.5 to 4 months of inventory , Whatcom County has reached a level of balance not seen in years. Buyers have more time to make decisions, but sellers who present their homes well and price strategically are still rewarded. This isn’t the frantic, multiple-offer market of 2021—but it’s also not a downturn. It’s a recalibration. Sellers who see it that way are the ones finding success. The Seller’s Advantage: Preparation and Precision Winter markets tend to filter out casual buyers. The ones shopping now are typically motivated—relocating, upsizing, or taking advantage of improved selection. That’s why preparation matters so much. Well-staged homes that photograph beautifully online and are priced in line with recent sales continue to capture attention. Sellers who invest a little time in presentation and flexibility in negotiation are often the ones walking away with strong results. The Bottom Line Winter 2025 in Whatcom County isn’t a “slow” market—it’s a smarter one. With rising inventory, stable pricing, and buyers who are still active but more deliberate, it’s a season where strategy counts more than speed. Sellers who adapt to these changes—by pricing realistically, presenting their homes thoughtfully, and staying patient—can take advantage of this moment to move forward successfully. Andi Dyer, REALTOR® RE/MAX Whatcom County 📞 Call: 360.734.6479 🌐 AndiDyer.com/schedule Expert Guidance to Buy, Invest, and Sell in Bellingham and Whatcom County  Frequently Asked Questions 1. Is winter a bad time to sell a home in Whatcom County? Not at all. Serious buyers stay active through winter, and less overall competition can make your home stand out. 2. Are home prices dropping in Whatcom County? Prices have softened slightly from their 2024 highs but remain steady. The market is balanced, not declining. 3. How long are homes taking to sell? Most homes are taking slightly longer—typically 30 to 45 days—but well-prepared listings can still go pending within two to three weeks. 4. Should sellers wait until spring 2026? Waiting isn’t always better. Listing now can mean less competition and a pool of serious buyers who want to move before spring. 5. What’s the key to selling successfully right now? Realistic pricing, strong presentation, and working with a REALTOR® who understands the shifting local market dynamics.
By Andi Dyer November 11, 2025
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By Andi Dyer November 10, 2025
To make my traditional Swedish Glögg (mulled wine), you gently heat red wine and spirits with a blend of spices, orange zest, and sugar. The mixture is then strained and served warm with blanched almonds and raisins. Ingredients 1 bottle (750ml) dry red wine (e.g., Cabernet Sauvignon, Pinot Noir, or a Cotes du Rhone) 1/2 to 1 cup sugar (caster or granulated, to taste) 1/2 to 1 cup vodka, aquavit, bourbon, or brandy (optional, for a stronger drink) 1 orange (peel in wide strips, avoiding the white pith) 1 cinnamon stick 10 whole cloves 10 cardamom pods, lightly crushed 3-4 slices fresh ginger, peeled (optional) 1/2 cup raisins (plus more for serving) 1/2 cup blanched slivered almonds (for serving) Instructions Combine Ingredients: In a large saucepan, combine the red wine, sugar, orange zest strips, cinnamon stick, cloves, crushed cardamom pods, and ginger slices (if using). Add the raisins and almonds into the mixture or save them for serving. Heat Gently Warm the mixture over medium-low heat. Stir occasionally to dissolve the sugar completely. It is crucial that the mixture is heated gently and never allowed to boil, or the alcohol will cook off and the flavor will be spoiled. The temperature should stay below 175°F (77°C). This process typically takes 10-15 minutes. Steep Remove the pot from the heat, cover it with a lid, and let the spices infuse the wine. This can be done for at least 1 hour, or ideally, the mixture can be left to steep overnight in a cool place for a more intense flavor. Strain and Reheat Strain the glögg through a fine-mesh strainer to remove all the spices and orange peel. Discard the spices. Gently reheat the liquid over low heat until hot but not boiling. Add Spirit (Optional): Just before serving, stir in the vodka, aquavit, or other spirit of your choice, if using. Serve Ladle the warm glögg into small heatproof glasses or mugs. Garnish each serving with a few additional blanched almonds and raisins, which are traditionally eaten with a small spoon as you drink.
By Andi Dyer November 4, 2025
Bring a burst of color (and flavor!) to your table with this crisp, seasonal salad. Juicy pears, tart pomegranate seeds, and a lively ginger dressing make it a refreshing side for any fall or holiday meal.  🍁 Click below to get the recipe and add a little sparkle to your menu!
By Andi Dyer November 2, 2025
Got a surprise property tax bill? You may be able to appeal—but don’t wait. One homeowner called me two days before the deadline, and we built a successful appeal together. Check your 2025 valuation and email me “Tax Check” for a free review. It started with a Saturday night phone call. Frantic, a local homeowner reached out just days before the property tax appeal deadline. Their 2024 assessment had landed with a thud, forecasting a tax bill that felt wildly out of line with reality. The deadline to appeal? Monday, October 27th. Cue the scramble. That evening, too stormy to drive, I hunkered down at home and dove into the numbers. Something wasn’t right. The new valuation didn't match the trajectory of their neighborhood market. The math simply didn’t check out. Sunday morning, we got to work. I drove out to their property, and together we built a bulletproof appeal. We reviewed sales data, took updated photos, and pulled relevant comparables to submit with their documentation. The appeal package was ready to go by Monday morning. Crisis averted. Here’s what every Whatcom County homeowner should know: Your property valuation notice typically arrives in September. You have 30 days from the date on the notice to file an appeal. If the number looks off, don’t shrug and hope it’s close enough. You can challenge it—and often should, especially in fluctuating markets like Bellingham, Ferndale, and beyond. The key takeaway? Don’t wait until the last minute. It pays to be proactive. Assessments aren’t always accurate, and appealing your property valuation could save you thousands. If your 2025 valuation doesn’t reflect the true market value of your home, you have options—and you don’t have to figure them out alone. Let’s make sure you’re not overpaying. If your new valuation feels too high, DM me "Tax Check" and I’ll give you a free property value review. We’ll go over the numbers together and see if an appeal makes sense. Still have questions? Let’s meet for coffee and talk it through. I’m always happy to help you navigate the less-fun-but-super-important parts of homeownership.
By Andi Dyer October 29, 2025
🍂 This hearty vegetable lasagna is the perfect fall meal—warm, colorful, and packed with seasonal goodness. It’s a crowd-pleaser that feels just as good on a weeknight as it does at a fall gathering.
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