Home Sales Report Clark County WA - December 2019

Uptick in Unit-Home Sales and Prices for Clark County WA in December 2019.

Closing out the year we see higher unit sales this month; with Prices rising too - a direction that is uncommon at this time of year. Active Inventory slid again to a very, very low level. Here are the highlights for this month's report: 

• Average-Sales Price moved up briskly to  $409,639, with the 12-month/long-term trend line up 3.16% year-over-year;  with the 3-Month Moving Average up 5.99% from this time last year (up strongly from last month); 
   
• The Inventory for Resale Real Estate slipped 0.3 months to an extremely low 1.0 Months of Supply;
   
• Approximately 438 Resale Properties closed in the month, which is about 14 more (3.3%) homes than in 2018; and 102 fewer than last month;
   
• REO/Bank Owned property sales were 2 units (0.46% of total); down from 3 (0.7%) in 2018; 
   
• Short Sale /Pre-Foreclosure property sales were 2 units (0.46% of total); up from 0 (0%) in 2018.

The Home Mortgage month-end, 30-year-fixed loan interest rate (nationwide average) again rose slightly to 3.72% (Up from 3.70% last month) according to Freddie Mac; compared to 4.64% for December 2018. The current rate level is starting to see near term downward pressure.

Next I have prepared a 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 December 2019

The Short Term trend has now crossed the long-term line, and is continuing its typical seasonal decline. The long-term trend appears to be going horizontal at this point.  

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

Clark County Home Sales - Average Sales Price Trend December 2019

Prices have taken an uncommon upward turn this month. The extremely low level of inventory is causing very strong upward pressure on prices at this time.

The Average Sales Price (using 3 months) for Clark County is now $409,639; which is an increase of approximately $23,145 from this time last year.

The last set of charts for this report come from RMLS and show:

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

Once Again New Listings declined more than Pending Sales and Closed Sales; forcing the level of Active Inventory to shrink to an extremely low level. 

The second graph shows the Closed Sales pricing hitting an all-time high; while  Average List prices came in at one of its higher marks - both showing that we'll be expecting prices to continue going up.

Finally, Average Days on Market moved up by a few days; while Median Days on the Market moved downwards by a few days.
You will also find posted the recent RMLS published report on the Clark County real estate market here: RMLS Market Action Report on our main website.

Thank you for visiting 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 real estate market is changing, prices are softer with loan costs presently at very low levels, 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 Home Valuation, and invite you to try it out!

PPS - Looking to buy a property 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.