Real Estate Dealings Blog

December 2007

Dec. 16, 2007 - SW WASHINGTON (Clark County Washington) RESIDENTIAL REVIEW:

Residential Highlights

New listings dropped 4.3% this October, compared to October of 2006. Additionally, closed sales and pending sales decreased 27% and 21.7%, respectively. At the month’s current rate of sales, the 4,464 active residential listings would last approximately 11.4 months.

Year-to-Date Trends

Comparing January-October 2007 to the same period in 2006, new listings have now decreased a slight 1.2%. Closed sales and pending sales are both on the decline at 16.8% and 15.9%, respectively.

Appreciation

A comparison of the 12 months ending with October 2007 to the 12 immediately prior shows that the average sale price grew 3% ($307,000 v. $298,100). Using the same formula, the median sale price increased 1% ($262,500 v. $259,900).

(From RMLS)

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