Clark County WA Home Sales Report - August 2018

Disappointing Results for Home Sales in Clark County WA for August 2018.

Unit-volume sales are down 78 units when compared to the same month last year, with average sales prices starting to show softness. Here are the key highlights for this month: 

• Average-Sales Prices are still in positive territory with the 12-month/long-term trend line up 10.36% compared to last year at this time;  and the 3-Month Moving Average is up 8.87% from August last year; 
   
• The Inventory for Resale Homes notched up to 2.4 Months Supply;
   
• Approximately 662 Resale Homes closed in the month, which is about 78 fewer (-10.54%) homes than in 2017; and 23 fewer than last month.
   
• REO/Bank Owned property sales were 6 units (0.9% of total); down from 13 (1.8%) in 2017. 
   
• Short Sale /Pre-Foreclosure property sales were 6 units (0.9% of total); up from 4 (0.5%) in 2017.

The month-end, 30-year-fixed home loan benchmark interest rate is 4.55% (up from 4.53% last month) according to Freddie Mac; compared to 3.88% for August 2017.

In the Unit-Volume chart below, the short term (in red) and long term (12-month moving average in Blue) trends are illustrated: 

Clark County Home Sales - Units Sold Trend August 2018

This year the short-term trend is falling far short of the levels achieved in the prior three years; with the long-term trend clearly moving lower. This lower level of sales is consistent with the modest increase in available inventory.

The next chart for Average Sales Prices also describes the short-term and long-term trends for this measurement: 

Clark County Home Sales - Average Sales Price Trend August 2018

The August short term Average sales price for Clark County is now up to $400,376; but down slightly from last month . This is also an increase of about $32,617 from August last year.

Our remaining set of graphs (below) from RMLS show:

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

Both New Listings and Pending Sales rose slightly, with Closed Sales coming in lower - actually quite a bit lower for this particular month. Active Inventory has been building with the slowdown in sales. 

The second graph shows Prices for both new listings and closed sales coming in lower than last month. 

Finally, for the Days on the Market, both the Average and the Median increased by almost a week - again, very uncharacteristic for one of the usually best sales months of the entire year.

If you are interest the RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our main website.

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PS - The real estate market is clearly changing, but there is still 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?  Interest rates are still at historically very low rates.  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

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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.