Market Statistics

How is the Market in Clark County Washington

  • Years Total – Closed Sales – Average Sales Price – Median Price – Average Market Time
  • 1/2016-6/30/2016 – 4,076 – $320,500 – $283,000 – 58 Days
  • 2014 – 7,025 – $274,700 – $244,000 – 92 Days
  • 2013 – 6,504 – $250,300 – $224,900 – 100 Days
  • 2009 – 5,077 – $237,800 – $211,500 – 156 Days
  • 2008 – 4,461 – $278,300 – $242,000 – 150 Days
  • 2007 – 6,105 – $305,500 – $262,300 – 80 Days
  • 2006 – 8,204 – $292,900 – $256,000 – 61 Days
  • 2005 – 10,063 – $260,800 – $225,000 – 44 Days
  • 2004 – 8,474 – $224,000 – $189,000 – 53 Days
  • 2003 – 7,996 – $196,700 – $170,000 – 67 Days
  • 2002 – 6,318 – $182,600 – $159,800 – 81 Days
  • 2001 – 5,523 – $180,200 – $156,900 – 86 Days
  • 2000 – 5,168 – $175,400 – $151,500 – 80 Days
  • 1999 – 4,878 – $167,977 – $146,000 – 79 Days
  • 1998 – 5,848 – $162,460 – $143,500 – 72 Days

June 2016 Residential Highlights

Southwest Washington saw a bit of mixed activity this June. New listings (1,144) rose 7.6% compared to June 2015 (1,063) and 4.6% compared to May 2016 (1,094). This was the strongest June for new listings in the region since 2008, when 1,277 new listings were offered for the month.

Pending sales (930) fared 4.0% better than last year in June 2015 (894) but fell 1.5% short of last month in May 2016 (944). Similarly, closed sales (811) were 4.6% cooler than in June 2015 (850) but increased 6.4% from May 2016.

Year to Date Summary

Activity is ahead so far in 2016 compared to 2015. Closed sales (4,076) are up 6.2%, pending sales (4,892) are up 4.4%, and new listings (5,887) are up 2.3% for the year thus far.

Average and Median Sale Prices

Comparing 2016 to 2015 through June of each year, the average sale price rose 11.0% from $288,700 to $320,500. In the same comparison, the median sale price rose 8.9% from $259,900 to $283,000.

August 2015 Residential Highlights

August saw strong pending sales in Southwest Washington. The 849 pending sales ended 21.5% ahead of the 699 offers accepted in August 2014 and 1.9% ahead of the 833 offers accepted in July 2015. The last August with more pendings was in 2005, when 1,052 offers were accepted during the month. Closed sales (744) totaled 12.6% higher than in August 2014 (661) but were 9.3% cooler than the 820 closings that occurred in July 2015. New listings (993) fared similarly, 12.7% over the 881 new listings posted in August 2014 but 14.1% under the 1,156 new listings posted in July 2015.

Year to Date Summary

Activity is ahead in 2015 compared to 2014. Pending sales (6,259) are up 22.5%, closed sales (5,489) are up 21.7%, and new listings (7,946) are up 10.4% for the year thus far.

Average and Median Sale Prices

Comparing the first eight months of 2015 to the same period in 2014, the average sale price rose 8.4% from $271,600 to $294,500. In the same comparison, the median sale price rose 9.2% from $240,000 to $262,000.

December 2014 Residential Highlights

Southwest Washington closed the year with a bump in closings thisDecember. The 521 closed sales fared
5.9% better than November (492) and 9.7% better than last December (475). This month was the strongest December for closed sales since 2005, when there were 705 closings. Pending sales (482) were strong in December as well. Despite a 1.6% cooling from November, pending sales this month were 40.9% higher than in December 2013! This was the strongest December for accepted offers in the region since 2005, when there were 512 pending sales. New listings (422) were 0.5% cooler than December 2013 and 17.6% cooler than in November 2014.

End-of-Year Summary

New listings (9,718), pending sales (7,258), and closed sales (7,025) were 5.7%, 10.1%, and 8.0% ahead in 2014
compared to 2013. Average and Median Sale Prices The average sale price in 2014 was $274,700, an increase of 9.7% from the same period in 2013 when the average price was $250,300. In the same comparison, the median
rose 8.5% from $224,900 in 2013 to $244,000 in 2014.

November Residential Highlights

November saw cooler real estate activity in Southwest Washington. Closed sales (492) fared 12.1% better than the 439 closings posted last November, but decreased 25.9% compared to last month’s 664 closings. Pending sales (490) fell just 0.2% short of last November’s 491 accepted offers, and decreased 18.5% from October’s 601 accepted offers. New listings (512) decreased 8.7% compared to last November’s 561 new listings and 30.6% compared to last month (738). Inventory increased to 4.2 months in November.

Year to Date Summary

New listings (9,280), pending sales (6,789), and closed sales (6,462) were 6.1%, 8.3%, and 7.6% ahead in the first eleven months of 2014 of what they were during the same period last year.

Average and Median Sale Prices

The average sale price over the first eleven months of the year was $273,900, an increase of 9.7% from the same period in 2013 when the average price was $249,700. In the same comparison, the median rose 8.4% from $224,900 in the first eleven months of 2013 to $243,800 over the same period of 2014

October 2014 Residential Highlights

Southwest Washington saw an uptick in closed sales this October. These closed sales (664) showed a 29.2% increase over last October (514) and a 2.9% increase over last month (645). It was the strongest October for closed sales in Southwest Washington since 2005, when there were 797! Pending sales (601) outpaced last October (520) by 15.6%, despite cooling 11.1% compared to September (676). The 738 new listings fared similarly, representing a 11.3% increase over last October (663) but cooling 4.0% compared to last month.

Year to Date Summary

New listings (8,752), pending sales (6,312), and closed sales (5,935) were 7.2%, 9.0%, and 7.2% ahead in the first ten months of 2014 of what they were during the same period last year. Average and Median Sale Prices The average sale price over the first ten months of the year was $273,500 an increase of 9.4% from the same period in 2013 when the average price was $249,900. In the same comparison, the median rose 7.8% from $224,500 in the first ten months of 2013 to $242,000 over the same period of 2014.

August 2014 Residential Highlights

July’s upswing in pending sales became August’s rise in closings this August in Southwest Washington. August’s 661 closings were 5.6% higher than last August’s 626 and even bested last month’s 655 closings by 0.9%. Pending sales (699) outpaced last August (639) by 9.4% but fell 8.3% compared to July’s 762. Similarly, new listings (881) were 2.0% higher than the
same month last year (864) but fell 11.1% compared to July (991).

Year to Date Summary

Southwest Washington continues to outpace 2013. New listings (7,198), pending sales (5,108), and closed sales (4,510) were 7.6%, 6.0%, and 2.6% ahead in the first eight months of 2014 of
what they were during the same period last year.

Average and Median Sale Prices

The average sale price over the first eight months of the year was $271,600, an increase of 9.0% from the same period in 2013 when the average price was $249,200. In the same comparison, the median rose 7.6% from $223,000 in the first eight months of 2013 to $240,000 over the same period of 2014.