Sep. 30, 2007 - CLARK COUNTY WASHINGTON MARKET ACTION

CLARK COUNTY WASHINGTON AUGUST 2007 RESIDENTIAL HIGHLIGHTS:

A decrease in new listings helped counterbanace a decrease in closed sales, keeping inventory at 7.7 months supply. New listings fell 8.9% when comparing August 2007 to the same time in 2006. Closed sales saw a 7.8% decrease. Pending sales also decreased 28.1%.

YEAR-TO-DATE TRENDS:

Year-to-date trends show just a slight decrease in transactions when comparing the period of January-August 2007 to the same period in 2006, closed sales were down just 1.3% and pending transactions dropped only 2.2%. However new listings did grow 16.4%.

APPRECIATION:

Comparing the 12 months ending with August 2007 to the 12 immediately prior, the average sale price rose 3.8% ($307,000 v. $295,700). Using the same formula, the median sale price increased 2.7% ($264,000 v. $257,100).

SELLING TIP:

Has your home been on the market awhile and you want to get it SOLD? To check for yourself if your home is competitive with others in the market try this tip. Make an appointment with your listing agent to show you other comparable homes for sale in your neighborhood to do some comparing. As you preview these homes if you want yours to be the next one to sell, price it below the others and make sure it has "eye appeal".