Home Sales Report Clark County WA - July 2018

Good Level of Home Sales in Clark County WA for July 2018.

Results for this month with respect to number of homes sold, is just slightly under last year's result; with the year-to-date volume just under 3% below the same measure a year ago. Here are the key highlights for this month: 

• Average-Sales Prices are still up in the low double-digits; with the 12-month/long-term trend line up 11.08% compared to last year at this time;  and the 3-Month Moving Average is up 11.68% from July last year; 
   
• The Inventory for Resale Homes, still rising slowly, is now at  2.3 Months Supply;
   
• Approximately 676 Resale Homes closed in the month, which is about 4 fewer (-0.6%) homes than in 2017; and 30 more than last month.
   
• REO/Bank Owned property sales were 3 units (0.4% of total); down from 5 (0.7%) in 2017. 
   
• Short Sale /Pre-Foreclosure property sales were 3 units (0.4% of total); down from 5 (0.7%) in 2017.

The month-end, 30-year-fixed home loan benchmark interest rate is 4.53% (down from 4.57% last month) according to Freddie Mac; compared to 3.97% for July 2017.

The custom Unit-Volume chart is up next, showing the short term (in red) and long term / 12-month moving average in Blue. 

Clark County Home Sales - Units Sold Trend July 2018

The short-term trend is struggling to create distance above the blue-long-term line; while the long-term trend-line is clearly declining.

The second chart in the queue shows 3 month and 12 month trends for the average sales prices for the County. 

Clark County Home Sales - Average Sales Price Trend July 2018

The July short term Average sales price for Clark County is now up to $401,804; with the upward move . This is also an increase of about $42,033 from July last year.

Our final graphs (below) from RMLS show:

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

New Listings took a big dip this month; with both Pending and Closed sales only moving slightly. Active Inventory continued to increase with the lower level of closings. 

The second graph shows new listings are keeping their prices at a higher level but, not much of an increase this month; with Closed Sales prices moving up.

Finally, for the Days on the Market, the Average stayed about the same with the Median rising several days.

Additional 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.

---

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

---

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.