Homes For Sale Clark County WA - February 2019 Report

Unit-Sales Fall While Prices Return to a Rising Pattern for Clark County WA in February 2019.

This month Unit-Sales took quite a hit dropping 45 units compared to the same month last year; while the short-term price-trend returned to an upward direction. Here are highlights for this month: 

• Average-Sales Price measures started to increase, with the 12-month/long-term trend line up 8.24% compared to last year at this time;  and the 3-Month Moving Average is up 7.07% from February last year; 
   
• The Inventory for Resale Homes rose 0.2 months, and is now at (a still low) 1.4 Months of Supply;
   
• Approximately 377 Resale Homes closed in the month, which is about 45 fewer (-10.7%) homes than in 2018; and only 4 more than last month.
   
• REO/Bank Owned property sales were 2 units (0.5% of total); down from 4 (0.9%) in 2018. 
   
• Short Sale /Pre-Foreclosure property sales were 1 unit (0.27% of total); down from 5 (1.2%) in 2018.

The month-end, 30-year-fixed home loan benchmark interest rate is 4.37% (Down from 4.46% last month) according to Freddie Mac; compared to 4.33% for February 2018. In fact, the current rate level is lower than it was for the last 10 months of 2018.

I have created a 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 February 2019

The Short-term trend line is now at a level that hasn't been seen in over four years, and the long-term line is not far behind. With the drop in sales this month it is clear the local market is seeking a lower level of sales activity.

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

Clark County Home Sales - Average Sales Price Trend February 2019

The short term Average sales price for Clark County is now $384,830; which is an increase of approximately $25,427 from the same time last year.

The final set of charts are from RMLS and show:

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

New Listings and Pending Sales have stalled with both ending the month at the same level; while Closed Sales also stalled although at a lower level. Active Inventory held steady but is still far too low. 

The second graph with the Average List and Sales Prices shows the average price for new listings greatly exceeding the levels seen in the past year; while closed sales prices came in lower than seen recently. 

Days on the Market, Average and Median, both came down several days - sign the market temperature is warming.

For the latest RMLS published report on the Clark County real estate scene you can find it here: RMLS Market Action Report on our main website.

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

---

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

---

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.