Homes for sale in Clark County WA - January 2019 Report

Unit-Sales and Prices Come in Reasonably Well for Clark County WA for January 2019.

Unit-Sales for pre-owned homes came in just 2 units shy of the same month last year; which we see as a push; while the year-over-year prices are about 6% higher. Below are highlights for this month: 

• Average-Sales Price increases are slowing, with the 12-month/long-term trend line up 8.48% compared to last year at this time;  and the 3-Month Moving Average is up 5.98% from January last year; 
   
• The Inventory for Resale Homes fell 0.2 months, and is now at 1.2 Months Supply;
   
• Approximately 370 Resale Homes closed in the month, which is about 2 fewer (-0.5%) homes than in 2018; and 53 fewer than last month.
   
• REO/Bank Owned property sales were 4 units (1.1% of total); no change from 4 (1.1%) in 2018. 
   
• Short Sale /Pre-Foreclosure property sales were 3 units (0.8% of total); up from 1 (0.3%) in 2018.

The month-end, 30-year-fixed home loan benchmark interest rate is 4.46% (Down from 4.46% last month) according to Freddie Mac; compared to 4.03% for January 2018.

Next up we have our Unit-Volume (number of homes sold) chart that shows the short term (in red) and long term (12-month moving average in Blue) trends (shown below): 

Clark County Home Sales - Units Sold Trend January 2019

Both trend-lines are Lows for the most recent years. With home-loan rates dropping back down some, and if prices moderate, we expect unit-sales to resume at a reasonable pace soon.

Next we chart the Average Home Sales Price trends, both the short-term and long-term: 

Clark County Home Sales - Average Sales Price Trend January 2019

The short term Average sales price for Clark County is now $383,486; now down about $18,000 from the peak this past summer. This still represents an increase of approximately $21,638 from the same time last year.

The final set of charts from RMLS show:

Clark County Home Sales Inventory
& Days on Market - January 2019

New Listings and Pending Sales have made their turn upwards for the new year; while Closed Sales reflect a typical level of closings for this month of the year. Active Inventory also fell slightly, but we believe that will improve in the next few months . 

The second graph with the Average List and Sales Prices shows new listings and closed sales both coming in relatively strong (higher). 

Days on the Market, Average and Median, both moved upwards a fair amount but we also expect that to turn around in the next couple of months time.

The latest RMLS published report on the Clark County real estate scene can be found here: RMLS Market Action Report on our main website.

Thank you for viewing our report; and please let us know if you have any questions or need help with your home or condo!

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PS - The real estate market is adjusting to the much higher prices combined with higher loan costs however, this is still a good time to List and Sell Your Home with Our Team; 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 reasonably soon?  Interest rates are still at historically 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.