Clark County WA Homes For Sale - July 2019

Home Sales Relatively Strong for Clark County WA this July 2019.

With more than half of the year behind us we are seeing a relatively strong summer season but, not yet strong enough to have unit-sales catch up to last year's level. With Inventory still quite low, prices have hit another high. Here are the key points for this month: 

• Average-Sales Price hit a new high, with the 12-month/long-term trend line up 3.98% year-over-year;  with the 3-Month Moving Average up 1.98% from this time last year; 
   
• The Inventory for Resale Real Estate remained unchanged at a low 2.2 Months of Supply;
   
• Approximately 678 Resale Properties closed in the month, which is about 11 fewer (-1.6%) homes than in 2018; and 30 more than last month;
   
• REO/Bank Owned property sales were 0 units (0% of total); down from 3 (0.4%) in 2018; 
   
• Short Sale /Pre-Foreclosure property sales were 2 units (0.3% of total); down from 3 (0.4%) in 2018.

For Home Mortgage interest rates the month-end, 30-year-fixed loan interest rate (nationwide average) is 3.77% (Down from 3.80% last month) according to Freddie Mac; compared to 4.53% for July 2018. The current rate level is now very close to the all-time low!

The custom Unit-Volume (number of properties sold) chart up next show the short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales - Units Sold Trend July 2019

The Short-term trend line is moving up strongly, enough so that the Long Term line has started to turn upward modestly. 

The next chart for the Average Home Sales Price trends, illustrating the results in both the short-term and long-term: 

Clark County Home Sales - Average Sales Price Trend July 2019

Like we typically see each summer, sales prices are in the peak-area for the year. This time the difference between last year's peak is not as great as we've seen in prior years.  With home loan rates at such a low level, and Inventory so low, the pressure in sales prices remains strongly in place for now.
 
The Average (using 3 months) sales price for Clark County is now $409,245; which is an increase of approximately $7,944 from this time last year.

These remaining charts come from RMLS and show:

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

New Listings gained slightly from last month, with Pending Sales and Closed Sales both moving up as well; as a result there was no change to the level of Inventory. 

The second graph shows both Average List and Sales Prices turning in strong results.

Lastly, Average Days on market declined by several days; while Median Days on the Market increased slightly.

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 Home Sales report for Clark County WA; and please let us know if you have any questions or need help with your home or condo!
 

---

PS - The home sales market is in change-mode as prices are softer with loan costs now falling, keeping this an excellent time to List and Sell Your Home with Our Team; or, at least find out what your property 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 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 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 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

---

The information and charts in this Clark County WA real estate update (prepared by Vancouver WA Home Sales 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.