Real Estate Sales Report - January 2020

Slightly Lower Unit-Home Sales with Strong Price Level for Clark County WA in January 2020.

Starting the new the year we have fewer Active Listings with Less than One (1) Month of Available Inventory; which has resulted in slightly lower unit sales this month; with Prices remaining near their all-time high.  Here are the key elements for this month's report: 

• Average-Sales Price slid slightly to $409,054 which is still almost at the all-time high, with the 12-month/long-term trend line up 2.94% year-over-year;  with the 3-Month Moving Average up 6.82% from this time last year; 
   
• The Inventory for Resale Real Estate slipped 0.2 months to a very low 0.8 Months of Supply;
   
• Approximately 357 Resale Properties closed in the month, which is about 21 fewer (-5.56%) homes than in 2019; and 94 fewer than last month;
   
• REO/Bank Owned property sales were  units (1.12% of total); no change from 4 (1.1%) in 2018; 
   
• Short Sale /Pre-Foreclosure property sales were 1 unit (0.28% of total); down from 3 (0.84%) in 2018.

The Home Mortgage month-end, 30-year-fixed loan interest rate (nationwide average) resumed its fall to 3.6x% (Down from 3.72% last month) according to Freddie Mac; compared to 4.46% for January 2019. The current rate level is declining from near-term (and perhaps longer-term) downward pressure.

Continuing on I have created a custom chart for Unit-Volume (number of properties sold) showing short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales - Units Sold Trend January 2020

The Short Term trend is well below the long-term line, and perhaps close to its seasonal turnaround point. The long-term trend continues its sideways move at this point, although it is not far above its recent low.  

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

Clark County Home Sales - Average Sales Price Trend January 2020

This season is unusual as we see Prices recently making an all-time time - an event we usually see in the Summer season! The extremely low and falling level of inventory keeps strong upward pressure on sales prices at this time.

The Average Sales Price (using 3 months) for Clark County is now $409,054; which is an increase of approximately $26,128 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 - January 2020

Both New Listings and Pending Sales have made a decent upswing; while the typically lagging Closed Sales are lower from last month. 

The second graph shows the Closed Sales pricing coming in strong; with Average List prices signaling the expectation of sellers for prices to continue move up.

Finally, Average Days on Market jumped up considerably; while Median Days on the Market moved up strongly as well.
I have also 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 Real Estate 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 Real Estate 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 Real Estate 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 Real Estate 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.