Another Good Month of Home Sales Results for Clark County WA in October 2019.
With a moderation of price-increases, along with very low home loan rates at this time, unit-sales for homes in the county have performed very well. Inventory fell again with new listings matching pending listings. Here are the highlights for this month's report:
- Average-Sales Price slipped less than $1k to $405,574, with the 12-month/long-term
trend line up 3.2% year-over-year; with the 3-Month Moving Average up
3.1% from this time last year (up slightly from last month);
- The Inventory for Resale Real Estate slipped 0.2 months to an even lower 1.7 Months
of Supply;
- Approximately 552 Resale Properties closed in the month, which is about 11
fewer (-1.95%) homes than in 2018; and 38 fewer than last month;
- REO/Bank Owned property sales were 1 unit (0.18% of total); down from 5 (0.89%) in 2018;
- Short Sale /Pre-Foreclosure property sales were 1 unit (0.18% of total); no change from 1 (0.18%) in 2018.
Home Mortgage month-end, 30-year-fixed loan interest rate
(nationwide average) rose slightly to 3.69% (Up
from 3.61% last month) according to Freddie Mac; compared to 4.83% for October
2018. The current rate level is expected to move slightly up and down for the near
term.
Next we have my custom chart for Unit-Volume (number of properties sold) that
shows the short term (in
Red) and
long term (12-month moving average in
Blue) trends:
Clark County Home Sales - Units Sold Trend October 2019The improved mid-to-late season sales have continued to nudge the long-term
trend slightly upward, with the short-term line now in its seasonal downturn
which started at a reasonably high level.
Next we have the Average Home Sales Price trend-chart,
highlighting the current and historical Home-Sales-Price results in both short-term and long-term:
Clark County
Home Sales - Average Sales Price Trend
October 2019We are now in the zone where home sales prices are typically "softer" with
the expectation that the direction of the short-term line will be slightly
downward. These past two years we are seeing a decrease in the Long-Term line's
price rise trend. With Inventory at such a low level, combined with low
financing rates, we don't expect this measure to go much flatter.
The
Average Sales Price (using 3 months) for Clark County is now $405,574;
which is an increase of
approximately $12,203 from
this time last year.
The final charts for this report come from RMLS and show:
Clark County
Home Sales Inventory
& Days on Market - October 2019
New Listings, Pending Sales and Closed Sales
all moved ever so slightly downward, and they all ended up close to each other.
The second graph shows both Average List prices falling back lower, while Sales Prices
were higher than last month.
Finally, Average Days on Market and Median Days on the Market
both moved upwards by several days.
You may also find posted the
recent RMLS published report on
the Clark County home sales market here:
RMLS Market Action Report on our
main website.
Thank you for reviewing our Home Sales report for Clark
County WA. Please let us know if
you have any questions or need help with your home or condo!
PS - The home sales market is changing, prices are
softer with loan costs presently at very low levels, 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 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.
