Real Estate and Home Sales Report Clark County WA - June 2018

Flat Home Sales in Clark County WA for June 2018.

County-wide home sales results pulled down by softness in the major city - Vancouver; with Unit-Sales numbers down 4.55% for the first half of the year. Here are the key highlights for this month: 

• Average-Sales Prices are still up strong; with the 12-month/long-term trend line up 11.28% compared to last year at this time;  and the 3-Month Moving Average is up 11.12% from June last year; 
   
• The Inventory for Resale Homes rose again to 2.1 Months Supply;
   
• Approximately 621 Resale Homes closed in the month, which is about 142 fewer (-18.6%) homes than in 2017; and only 16 more than last month.
   
• REO/Bank Owned property sales were 4 units (0.6% of total); down from 13 (1.7%) in 2017. 
   
• Short Sale /Pre-Foreclosure property sales were 2 units (0.3% of total); down from 4 (0.5%) in 2017.

The month-end, 30-year-fixed home loan benchmark interest rate is 4.57% (down from 4.59% last month) according to Freddie Mac; compared to 3.9% for June 2017.

Below I've prepared the Unit-Volume chart, showing the short term (in red) and long term / 12-month moving average in Blue. 

Clark County Home Sales - Units Sold Trend June 2018

The short-term trend finally broke above (just barely) the long-term line from below. This weak performance is reflective of the sales being off in Vancouver this month. The long-term trend is also at its lowest level in 2+ years, reflective of the slowing sales.

The next chart also shows 3 month and 12 month trends for the average sales prices for the County. 

Clark County Home Sales - Average Sales Price Trend June 2018

The June short term Average sales price for Clark County is now up to $393,224; and reflects an increase from last month but, the rate of increase has slowed. This is also an increase of about $39,366 from June last year.

Our final RMLS graphs (below) RMLS show:

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

New Listings matched the moved to a much higher level that we saw last month; with both Pending and Closed sales only moving up slightly thus, Active Inventory continued to increase. 

The second graph shows new listings are keeping their prices at a higher level but, not an increase this month; with Closed Sales prices slowing their rise also.

Finally, for the Days on the Market, both the Average and the Median dropped only a couple of days.

More information from 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 - This is 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

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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.