Home Sales Clark County WA - September 2019

Home Sales Post Reasonably Strong Results for Clark County WA in September 2019.

We continue this month with a late-season surge for the Units-Sold element, with prices appearing to be topped out for the season. Inventory fell with the improved sales combined with a drop in new listings. Here are the key points for this month: 

• Average-Sales Price slipped ever-so-slightly $407,965, with the 12-month/long-term trend line up 3.58% year-over-year;  with the 3-Month Moving Average up 2.23% from this time last year (little changed from last month); 
   
• The Inventory for Resale Real Estate slipped 0.3 months to a very low 1.9 Months of Supply;
   
• Approximately 567 Resale Properties closed in the month, which is about 22 more (4.04%) homes than in 2018; and 162 fewer than last month;
   
• REO/Bank Owned property sales were 2 units (0.35% of total); no change from 2 (0.37%) in 2018; 
   
• Short Sale /Pre-Foreclosure property sales were 2 units (0.35% of total); down from 3 (0.47%) in 2018.

Home Mortgage interest rates the month-end, 30-year-fixed loan interest rate (nationwide average) fell again, but only slightly to 3.61% (Down from 3.62% last month) according to Freddie Mac; compared to 4.63% for September 2018. The current rate level is expected to remain in this range for the near term.

Our chart for Unit-Volume (number of properties sold) is up next and illustrates the short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales - Units Sold Trend September 2019

The strong, late-season surge in sales has shown the long-term trend actually moving upwards slightly, combined with a good showing with the short-term trend line. 

The Average Home Sales Price trend-chart, up next, shows the current and historical results in both short-term and long-term: 

Clark County Home Sales - Average Sales Price Trend September 2019

Like last year, the Peak is extended over a couple of months, with the expectation that it will slide lower during the upcoming winter months.  However, that could change this year with the combination of extremely low interest rates, and the strong reduction in available Inventory.  Home loan interest rates are substantially lower this year than at the same time last year, which could help fuel continued home buying activity.

The Average (using 3 months) sales price for Clark County is now $407,965; which is an increase of approximately $8,908 from this time last year.

The remaining charts for this report come from RMLS and show:

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

New Listings again declined strongly from last month, with Pending Sales and Closed Sales both moving downward; with the level of Inventory falling owing to the insufficient new listings. 

The second graph shows both Average List prices taking a jump upwards, while Sales Prices show the typical seasonal easing.

Lastly, Average Days on Market and Median Days on the Market both moved up, each by just a few days.
We've also posted the recent RMLS published report on the Clark County home sales market, 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!

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PS - The home sales market is changing, prices are softer with loan costs presently decreasing, 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

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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.