Homes For Sale in Clark County WA - January 2021 Report

Last Year's Surge Continues with Unit Home-Sales Very Strong; While Sales Prices Remain High for Clark County WA in January 2021.

New Listings Perked up Strongly although Active Inventory continues to Shrink. Super-low Interest rates for home financing; combined with strong buyer demand is keeping our market hopping! Here are this month's key points:  

• Average-Sales Price rose slightly by about $2.5k finishing up at $470,781; with the 12-month/long-term trend line up 13.17% year-over-year;  and the 3-Month Moving Average up 15.04% from last year; 
   
• The Inventory for Resale Homes was cut in half ending at 0.3 Month's worth of Supply;
   
• Approximately 424 Resale Properties were sold/closed, which is about 54 more (14.59%) homes than in 2020; although 200 fewer than last month;
   
• REO/Bank Owned property sales were 0 units (0% of total); down from 7 (1.89%) in 2020; 
   
• Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); down from 2 (0.54%) last year.

The Nation-wide average Home Loan Mortgage 30-year-fixed loan interest rate at month-end, rose slightly to 2.74% according to Freddie Mac; compared to 3.62% for January 2020. The Federal Reserve and Bond Market are keeping pressure on these rates to remain in this very low range in the near term.

Next up is a custom chart I have created showing Home-Sales Unit-Volume (number of homes sold) with short term (in Red) and long term (12-month moving average in Blue) trends: 

Clark County Home Sales - Units Sold Trend January 2021

Although the near-term trend is declining, it is piercing a much higher long-term (and still rising) trend-line. Long-term the trend is expected to rise into record-high territory for at least the near term. Overall the County is now ahead of last years total home sales by 54 homes (or, 14.59%).

The next custom chart shows the Average Home Sales Prices, where the short-term line is in a "holding-pattern;" with the long-term trend continuing its move in a positive direction: 

Clark County Home Sales - Average Sales Price Trend January 2021

The current strong rise in prices is the "steepest" stretch we've seen since the overall home sales market turned the corner in January 2012. With Active Inventory for resale homes it such an incredibly low level, it seems we should expect prices to continue rising strongly at least in the near term.
 
Clark County's Average Home Sales Price (using the most recent 3 months) is now $470,781; which is approximately $61,552 (+15.04%) higher than this time last year.

These final charts for our home sales report come from RMLS showing:

Clark County Home Sales Inventory
& Days on Market - January 2021

New Listings and Pending Sales both moved up reasonably strongly. Closed Sales likewise are up relative to previous seasons tallies for this time of the year. Inventory at 0.3 month's of supply is clear we this is an extremely strong Seller's Market! 

The second graph shows Prices for Closed Sales at a clear all-time high; and Average Listing Price sky-rocketing to an all-time high.

Finally, the Average Days on Market rose by about only 4 days; while the Median Days on the Market rose only two day's worth. Both of these are in a very low level (fast market) for this time of year.

Thank you for visiting our first Home Sales Report in 2021 for Clark County Washington. Please let me know if you have any questions or need help with your home or condo sale or purchase!
 

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PS - The home sales market is changing, prices are still rising, with loan costs presently at RECORD 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 home or 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 Homes 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 | Homes 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 Realtor, John Slocum, 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.