Real estate market report for Clark County, Washington, Vancouver Washington, Portland, Oregon, and Nationwide.
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Quick Table of Contents
- Median Sales Price for Homes in Clark County, Washington
- Average Time on Market for Clark County Washington
- Buyer Financing in Clark County
- Vancouver Washington Housing Predictions 2019
- Existing Home Sales for Vancouver Washington
- Listing Sale Price to Close Price Ratio in Vancouver Washington
- Portland Oregon Housing Market
- Portland Oregon Compared to Clark County and Southwest Washington
- Real Estate Statistics Nationwide
Median Sales Price for Homes in Clark County, Washington
The median sales price for single-family homes in the Clark County, Washington area was $380,000 as of August 2019. In August of 2018, the median sales price was $367,400 which reflects a 3.32% increase compared with the previous 12 months.
|Month||Median Sale Price||% Change Prior Month|
|Sept 2018||$357,200||– 2.8|
|Nov 2018||$344,900||– 4.2|
|April 2019||$360,000||– 1.9|
|June 2019||$372,500||– 0.7|
Average Time on Market for Clark County Washington
August 2019 average Cumulative Days on Market(CDOM) was 46 days in Clark County Washington. The chart below shows the monthly inventory levels over the last three years.
Buyer Financing in Clark County
The Graph below shows the types of financing buyers used to purchase a home in August 2019. Conventional financing was primarily used followed by Cash, FHA, and VA. Very little financing was used to finance the purchase of a fixer-upper that it doesn’t register in the graph. Other financing sources were not disclosed in sales data.
Vancouver Washington Housing Predictions 2019
Home prices are expected to equal 2018 levels with continued low inventory levels and lower than expected interest rates. Buyers should still expect competition when making offers on homes that show well. Sellers are still experiencing multiple offers on homes that show well and are located in areas with high performing schools.
Existing Home Sales for V ancouver Washington
A total of 457 homes sold in Vancouver Washington in August 2019. Inventory level is slightly over at 2.1 months. Vancouver’s 472 pending sales held steady from 470 in July. The Vancouver median sold price in the last 12 months was $357,000 compared to the median list price of $379,000.
Listing Sale Price to Close Price Ratio in Vancouver Washington
The Vancouver Washington average list price to close price ratio for single-family homes in August 2019 was 99.21%. The ratio is an indicator of a buyers willingness to pay the list price of homes for sale. The graph below shows the listing activity from 2000 to 2018 and monthly listing activity from 2016 to August 2019.
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Portland Oregon Housing M
August 2019 listings dropped from July by 5.3% and 10.8% lower from August 2018. Pending sales were up 6.1% from August 2018 but also came in lower than July 2019 by 2.3%.
Months of inventory stayed steady to 2.3 months from July to August. The chart below shows inventory levels over the last three years.
Average sales price in Portland Oregon had a nominal increase of 1.0% from $454,500 in 2018 to $458,900 in August 2019. The median sales price increased 2.2% from $401,000 to $410,000.
Portland Oregon Compared to Clark County and Southwest Washington
Many buyers consider the option of living in Oregon or Washington State. The graphs below will provide a comparison of both options including the median sales price for these areas.