Clark County WA Home Sales Report - May 2018

 Relatively Strong Home Sales Continue in Clark County WA for May 2018.

Nationwide home sales have been showing signs of slowing however, the local scene has seen variability but is quite strong overall at this point. Here are the key highlights for May's results: 

• Average-Sales Prices moved up strongly; with the 12-month/long-term trend line up 11.34% compared to last year at this time;  and the 3-Month Moving Average is up 11.29% from last May; 
   
• The Inventory for Resale Homes keeps rising and is now at 1.9 Months Supply;
   
• Approximately 594 Resale Homes were sold in the month, which is about 62 fewer (-9.5%) homes than in 2017; although 63 more than last month.
   
• REO/Bank Owned property sales were 10 units (1.7% of total); down from 14 (2.1%) in 2017. 
   
• Short Sale /Pre-Foreclosure property sales were 5 units (0.8% of total); down from 13 (1.98%) in 2017.

The month-end, 30-year-fixed home loan benchmark interest rate is 4.59% (up from 4.47% last month) according to Freddie Mac; compared to 4.01% for May 2017.

Next we have our custom graphs/charts prepared for Clark County. We use a simple "smoothing" method to easily show the short-term trend (3-month moving average in Red); and long-term trend (12-month moving average in Blue). 

Clark County Home Sales - Units Sold Trend May 2018

The short-term trend-line is just about to "pierce" the long-term line from below on its way upwards.  With Pending Sales strong this month we expect the red line to be well above the blue line next month. The long-term line has shown a little softness, although current unit-sales year-to-date are less than 1% behind last year at this time.

In the next chart we show Average Sales prices with prices still strongly up in the early part of this Sales Season. 

Clark County Home Sales - Average Sales Price Trend May 2018

The May short term Average sales price for Clark County is now up to $391,396. This is an increase of about $39,691 from the same month last year.

Our final three graphs below from RMLS show:

Clark County Home Sales Inventory
& Days on Market - May 2018

New Listings have taken a strong leap upwards, while Pending and Closed sales have both risen modestly, allowing Active Inventory to grow slightly. 

The second graph shows another upward move in the price for new listings, and similarly Closed Sales prices going up as well.

Finally, for the Days on the Market, the Average dropped quite a bit, and the Median dropped by several days as well.

We also have more information from the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our website.
 

---

PS - This is now the High Season in our area, and may be an opportune time to List and Sell Your Home with Our Team for 2018; or, at least find out what your home is worth!  We offer a no-cost, no-obligation Clark County WA Home Valuation, and invite you to try it out!

PPS - Looking to buy a home this year?  You are invited to visit our web-page for Clark County WA  Homes For Sale where it is Quite Easy to search by City, Neighborhood or by Category, with homes and real estate listings from the entire RMLS.  Sign-up Not Required!  The property and home listings shown are provided via many updates each day, and you will be e-mailed hourly with any new matches once you've signed up for a home search.

We also have the MLS Listings for these great towns in Clark County:  Battle Ground WA Real Estate | Brush Prairie WA Homes | Camas WA Homes For Sale | Hockinson WA Homes | La Center WA Homes for sale | Ridgefield WA Homes for sale | Homes for sale in Vancouver Washington | Washougal WA Real Estate | Yacolt WA Homes | Amboy WA Homes

---

The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Real Estate Broker, John Slocum, CRS, SFR, our resident statistician) are based on home sales recorded in the Clark County WA MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average.  This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in Clark County's real estate market.

Disclaimer: as with any real estate statistics, we do our best to provide the best representation at the time the data was acquired and compiled.  The data and reports are deemed reliable but not guaranteed.