Real estate market report for Clark County, Washington, Vancouver Washington, Portland, Oregon, and Nationwide.

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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.

MonthMedian Sale Price% Change Prior Month
Aug 2018$367,4002.1
Sept 2018$357,200– 2.8
Oct 2018$359,9000.8
Nov 2018$344,900– 4.2
Dec 2018$350,0001.5
Jan 2018$355,0001.4
Feb 2019$359,5001.3
March 2019$358,7002.1
April 2019$360,000– 1.9
May 2019$375,0004.2
June 2019$372,500– 0.7
July 2019$379,0001.7
August 2019$380,0000.01
Source: RMLS

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.

Clark County201720182019
January2.22.23.2
February2.01.92.9
March1.61.62.4
April1.91.72.4
May1.62.12.3
June1.62.12.4
July1.92.32.4
August1.82.32.3
September2.22.9
October2.12.7
November2.02.9
December1.82.9

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.

Buyer financing used to purchase a home in Clark County in August 2019

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 Vancouver 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.

Vancouver, Washington August 2019 Sales Data

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.

Source: RMLS August 2019

Wondering how much your house might sell for in today’s Vancouver Washington or Portland Oregon Real Estate Market? Use this instant home value estimate or call 360-975-7050. We serve Vancouver Washington, Portland Oregon and surrounding cities.

Portland Oregon Housing Market

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.

Portland, OR201720182019
January1.72.23.3
February1.91.92.7
March1.31.62.2
April1.71.82.2
May1.51.92.1
June1.62.12.4
July2.12.42.3
August2.02.32.3
September2.33.1
October2.12.7
November1.92.8
December1.62.5

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.

Source: RMLS August 2019
Source: RMLS

Real Estate Statistics Nationwide

August 2019 National Association of REALTORS Statistics
Web Statistics