March 2019 Real estate market report for Vancouver Washington providing statistics for Clark County real estate including tips for buyers and sellers.
Here’s a look at the Vancouver Wa Real Estate Market for March 2019. Data contained in this report is compiled from the Regional Multiple Listing Service for March 2019.
The Median sales price for single-family homes for March 2019 was $358,700 and 2.4 months supply of inventory.
Let’s take a closer look at the Vancouver Wa market for March 2019.
A Look at Housing Stats
Clark County closed sales in March 2019 was 639 single-family homes compared to 671 single-family homes sold in January 2018. An improvement from February 2019 when 512 sales recorded.
The average sales price of homes sold in Vancouver Wa in March 2019 was $390,664 compared to March 2018 of $381,958 a 2% increase.
Clark County Pending sales in March 2019 were 846 compared to 832 in March 2018.
New listings in March 2019 was higher at 1,028 compared to 989 in March 2018.
March inventory level of available homes was 2.4 months an increase from 1.6 months in March 2018.
Total market time was 72 days on the market(DOM) compared to 64 DOM in March 2018.
What Does this Data Mean?
Market activity has increased slightly over last year indicating a similar trend in sales compared to 2018.
Housing market is warming up again as we head in to spring buying season.
Inventory of fewer than six months is considered a seller’s market. A balanced market that benefits neither the buyer or seller are six months of inventory.
What does this mean if your buying a house?
Buyers will see more homes on the market as we head into the peak selling seaso but there will also be fierce competiton for the best homes.
Buyers should be prepared to make a quick decision on homes that show well and in a highly sought after school boundary. Negotiation tactics are crucial, and your first offer must be your best in multiple offer listings.
Financing is a critical factor in negotiating a purchase. Some sellers prefer offers with a higher down payment and conventional financing. Seller concessions are negotiable if no other offers are competing against yours.
What does this mean if your selling a house?
The market is once again picking up steam. March to June is the best time to list your home because of the number of buyers and listing activity.
Declutter your home and make sure your home shows well. Buyers are willing to compete for your home.
Your list price must be within the limits of recent sales comparables. Pricing your home at the top of what your neighborhood supports will limit buyer interest and visibility. Better to price slightly under market value to attract multiple offers.
Vancouver Wa Homes For Sale
Search the most recent single-family listings in the Vancouver Wa market. Homes listed reflect this month’s average sales price range of $363,010 or less.