Q: What if the 2021 market conditions continued for another 3 years?

Hypothetically, just to freak out for a minute, consider this:

If the rate of Bellingham inventory decline continued at the same year-over-year pace for roughly 3 more years, let's say in July, 2024, in Bellingham, a city with a population at or approaching 100,000 people, there would be .... drumroll please .... 8 houses on the market.

Total.

Across all price ranges.

If the rate of price appreciation continued at the exact same year-over-year pace for 3 more years, then on July 1, 2024, a 3-bedroom, 2-bath, 1900 square foot Bellingham "median" home would sell for $1,300,484.

Yes, $1,300,484.Not 30 years from now.THREE years from now.

That just makes my head, like...