Clark County WA Home Sales Report - October 2019

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 2019

The 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 2019

We 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!
 

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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

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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.