Clark County WA. Area Statistics

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Clark County, Washington Market Action Addition May 2016

May Residential Highlights

Southwest Washington saw gains in real estate activity nearly across the board this May. Closed sales, at 762, ended 13.6% ahead of May 2015 (671) and 9.3% ahead of April 2016 (697). It was the strongest May for closings in the region since 2006, when 793 closings were recorded for the month.

Pending sales (944) similarly pushed 2.6% over the 920 offers accepted last year in May 2015 and 5.1% over the 898 o ers accepted last month in April 2016.

New listings (1,094) increased 5.2% over April 2016 (1,040) but fell 1.2% short of the 1,107 new listings o ered in May 2015.

Inventory decreased slightly to 1.7 months this May, with total market time decreasing by one day to end at 49 days.

Average and Median Sale Prices

Prices continue to rise in Southwest Washington. Comparing 2016 to 2015 through May of each year, the average sale price rose 12.6% from $283,100 to $318,800. In the same comparison, the median sale price rose 10.0% from $254,500 to $280,000.

 

Total Active Listings* Reported in Market Action: 1,315
Less Listings with Purchase Contingencies*: 104
Readily Purchased Listings: 1,211
Percent of Total Active Listings: 92.1%
Less New Under Construction (not ready for occupancy): 97
Less New Proposed (not started): 202
Total Readily Purchased & Occupied Listing: 912
Percent of Total Active Listings: 69.4%
Inventory in Months of Readily Purchased & Occupied Listings: 1.2
* Active Listings reported in Market Action include three statuses (ACT, BMP, SSP). Two of these statuses are defined as listings with accepted offers that are still marketed as active listings due to the type of offer on the property. These are Bumpable Buyer, which is an offer that is contingent on the sale of the buyer’s current home, and Short Sale Pending, where an offer has been accepted by the seller but the required third party approvals have not been obtained.

Source: RMLSTM Regional Multiple Listing Service, Portland Oregon