Clark County WA Real Estate Sales - May 2019 Update

Real Estate Sales Move Up for Clark County WA in May 2019.

Closed Unit-Sales came in at 19 units below last year for the same month - and Down 103 units (-4.18%) year-to-date; while the short-term price-trend edged up modestly. Here are this month's highlights: 

• Average-Sales Price trend is showing a slowing of increase, with the 12-month/long-term trend line up 5.94% year-over-year;  with the 3-Month Moving Average up 1.52% from this time last year; 
   
• The Inventory for Resale Real Estate rose 0.2 months, and is now at 2.0 Months of Supply;
   
• Approximately 589 Resale Properties closed in the month, which is about 19 fewer (-3.1%) homes than in 2018; and 61 more than last month;
   
• REO/Bank Owned property sales were 3 units (0.5% of total); down from 10 (1.6%) in 2018; 
   
• Short Sale /Pre-Foreclosure property sales were 2 units (0.34% of total); down from 9 (1.48%) in 2018.

For Real Estate Financing interest rates the month-end, 30-year-fixed loan interest rate (nationwide average) is 4.07% (Down from 4.14% last month) according to Freddie Mac; compared to 4.59% for May 2018. The current rate level is the lowest we've seen in the past 15 months!

Next up are custom Unit-Volume (number of properties sold) chart showing the short term (in Red) and long term (12-month moving average in Blue) trends (shown below): 

Clark County Real Estate Sales - Units Sold Trend May 2019

This month the Short-term trend line nearly-pierces the Long Term from below; and the Long-term line is showing signs of perhaps stabilizing at this level of activity. 

The Average Home Sales Price trends chart is up next, showing the action in both the short-term and long-term: 

Clark County Real Estate Sales - Average Sales Price Trend May 2019

The year-to-date action for prices is somewhat unique this year in that the short-term line has remained, until this month, below the flattening long-term trend line. We'll want to watch this action closely in the coming months to see if the long-term upswing will resume or, if we've entered a period of change and perhaps consolidation.

The Average (using 3 months) sales price for Clark County is now $396,671; which is an increase of approximately $5,957 from this time last year.

The remaining charts come from RMLS and show:

Clark County Real Estate Sales Inventory
& Days on Market - May 2019

This month we see New Listings taking a large jump upwards, with Pending Sales and Closed Sales also increasing at a more modest pace. The net result has been a 0.2 month's worth of increase in the Available Inventory of properties for sale. 

The second graph with the Average List and Sales Prices shows the average price for new listings continues to post at a very high level; with the closed sales coming in relatively high as well. 

Finally, Both Average Days and Median Days on the Market fell into a zone of brisker activity we usually see in the Spring season.

We've also made available the recent RMLS published report on the Clark County real estate scene, and 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!

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PS - The real estate market is in change-mode as prices are softer with loan costs now falling, keeping this an excellent time to List and Sell Your Property with Our Team; or, at least find out what your property is worth!  We offer a no-cost, no-obligation Clark County WA Real Estate Valuation, and invite you to try it out!

PPS - Looking to buy a house reasonably soon?  Interest rates have been falling and are still at historically low rates.  You are invited to visit our web-page for Clark County WA  Houses 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 For Sale | Brush Prairie WA Homes For Sale | Camas WA Homes for Sale | Hockinson WA Homes For Sale | La Center WA Homes for sale | Ridgefield WA Homes for sale | Real Estate for sale in Vancouver Washington | Washougal WA Real Estate | Yacolt WA Homes For Sale | Amboy WA Homes For Sale

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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.