Slowing Sales Moving into Fall for Clark County WA's Housing Market in September 2017.
House Sales Prices slowed their climb as Clark County's real estate market slowed considerably as we enter the Fall Season. Inventory shrank slightly, however. Here are some of the highlights for September's results:
- Average-Sales Prices are at record highs, with the 12-month/long-term
trend line up 10.85% compared to September 2016, and the 3-Month Moving Average
is up
12.32% from last year;
- The Inventory for Resale Homes has shrank slightly to the still very-low 1.8 Months Supply;
- Approximately 616 Resale Homes were sold in the month, which is about
76 fewer (-11%) homes than in 2016; and 121 fewer than last month.
- REO/Bank Owned property sales were 10 units (1.6% of total); down from
15 (2.2%) in 2016.
- Short Sale /Pre-Foreclosure property sales were 1 units (0.2% of total); down from 3 (0.4%) in 2016.
The month-end, 30-year-fixed home loan benchmark interest rate is 3.81% (down
from 3.88% last month) according to Freddie Mac; compared to 3.46% for September 2016.
Next up we have our custom graphs/charts for Clark County WA that will help tell the
rest of this housing market's story.
We apply simple "smoothing" to better present 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 September 2017The short-term trend-line has clearly hit its
peak, and is now easing into a slower Fall season. The
long-term line is also showing weakness. Perhaps we have already seen "Peak
Unit-Volume" for this market rally. Year-to-date there are about 147
(-2.27%)
fewer units-sold this year compared to last.
For the next chart: Average Sales prices (shown below)
are still moving in a positive, but perhaps slower direction.
Clark County Home Sales - Average Sales Price Trend
September 2017
The
September short term Average sales price for Clark County is now up to $371,154. This is an increase of about $40,707 from the same month last year.
Clark County Home Sales Inventory
& Days on Market - September 2017
These final graphs from RMLS show:
A somewhat strong drop in Pending
Sales, and a decrease in new Listings, with no change in the level of Inventory.
The second graph shows one of the strongest gaps this year when comparing the average price of new
listings with the actual closed-sales-prices.
Finally,
for the Days on the Market, the Average is still in its typical upward rise, while
the Median is in a low range that will likely show more seasonal
sluggishness next month.
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 - There is Still Time to Sell Your Home in 2017; 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 - 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 Homes |
Brush Prairie WA Homes |
Camas WA Homes |
Hockinson WA Homes |
La Center WA Homes |
Ridgefield WA Homes |
Vancouver WA Homes |
Washougal WA Homes |
Yacolt WA Homes |
Amboy WA Homes
The information and charts in this Clark County WA real estate update (prepared by
Vancouver WA Realtor, 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.
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