A Publication of RMLS, The Source for Real Estate Statistics in Your Community Residential Review: Southwest Washington
May 2022 Reporting Period
Year-To-Date Summary Comparing the first five months of 2022 to the same period in 2021, new listings (4,728) decreased 0.5%, pending sales (3,944) decreased 8.7%, and closed sales (3,595) decreased 3.0%.
Residential Highlights New listings (1,169) increased 10.8% from the 1,055 listed in May 2021, and increased 23.3% from the 948 listed in April 2022. Pending sales (872) decreased 16.1% from the 1,039 offers accepted in May 2021, and increased 8.7% from the 802 offers accepted in April 2022.
Average and Median Sale Prices Comparing 2022 to 2021 through May, the average sale price has increased 16.8% from $495,800 to $578,900. In the same comparison, the median sale price has increased 19.0% from $441,000 to $525,000.
Closed sales (792) decreased 4.8% from the 832 closings in May 2021, and decreased 1.7% from the 806 closings in April 2022.
Inventory and Total Market Time Inventory increased to 1.0 months in May. Total market time increased to 18 days.
Inventory in Months* 2020 2021 2022 January 2.4 0.8 0.6 February 2.1 0.7 0.7 March 2.1 0.5 0.5 April 2.5 0.6 0.6 May 2.3 0.6 1.0 June 1.6 0.6 July 1.2 0.7 August 1.3 0.8 September 1.0 0.8 October 0.8 0.7 November 0.8 0.6 December 0.6 0.5 *Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month.This number includes proposed and under construction homes. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: +16.7% ($553,700 v. $474,300) Median Sale Price % Change:
Due to significant differences between the counties in Southwest Washington, the Residential Review on pages 1, 3, 4, and 5 contain Clark County data only. For data on Cowlitz County, see the Area Report on page 2, or the graphs on page 5 and page 6.
Clark County Residential Highlights
Change
2021
2022
May
New Listings
Pending Sales
Closed Sales
Average Sale Price
+17.0% ($497,200 v. $425,000)
For further explanation of this measure, see the second footnote on page 3.
Median Sale Price
Total Market Time
1,169
872
792
604,400
542,600
18
948
802
806
587,300
528,500
18
Year-To-Date
4,728
3,944
3,595
578,900
525,000
21
May
1,055
1,039
832
520,600
465,000
18
Year-To-Date
4,750
4,320
3,705
495,800
441,000
27
May
10.8%
-16.1%
-4.8%
16.1%
16.7%
0.3%
Prev Mo 2022
23.3%
8.7%
-1.7%
2.9%
2.7%
2.7%
Year-To-Date
-0.5%
-8.7%
-3.0%
16.8%
19.0%
-24.0%
April
© Copyright RMLS 2022. All Rights Reserved.
AREA REPORT • MAY 2022
SW Washington
RESIDENTIAL
COMMERCIAL
LAND
MULTIFAMILY
Year-To-Date
Year-To-Date
Year-To-Date
Average Sale Price
Closed Sales
Average Sale Price
Closed Sales
Average Sale Price
Closed Sales
2
Avg. Sale Price % Change
Total Market Time
Median Sale Price
Average Sale Price
Closed Sales
Pending Sales 2022 v. 2021
New Listings
Pending Sales
3
Total Market Time
Average Sale Price
Closed Sales
Pending Sales 2022 v. 2021
Pending Sales
Expired.Canceled Listings
New Listings
Year-To-Date
Downtown Vancouver
18
24
3
16
-50.0%
16
522,500
40
88
63
-42.7%
62
483,700
442,500
24
14.1%
-
-
8
793,100
17
36
2
33
26.9%
24
388,900
6
128
114
23.9%
82
380,800
373,000
16
18.2%
-
-
1
295,000
16
610,100
18
20
2
11
37.5%
7
714,800
10
61
45
-35.7%
38
591,800
453,500
15
6.5%
-
-
1
100,000
1
452,000
4
23
2
24
41.2%
32
437,100
9
107
111
79.0%
95
478,500
456,000
17
17.2%
-
-
2
1,032,500
32
59
8
39
-26.4%
39
511,400
11
230
183
-9.0%
163
473,400
480,000
13
14.8%
-
-
12
34
1
29
20.8%
15
474,100
7
107
95
-8.7%
87
449,300
452,000
10
10.7%
1
48,000
-
-
3
540,000
19
43
1
39
8.3%
34
441,300
6
200
188
9.9%
200
436,500
422,000
12
16.0%
1
105,000
-
-
2
750,000
43
90
2
72
-30.8%
85
488,000
9
454
413
-10.8%
369
456,200
445,000
13
16.9%
1
300,000
695,300
14
27
2
22
57.1%
23
596,300
9
100
83
18.6%
68
614,500
549,000
14
18.8%
-
-
21
28
0
30
7.1%
20
556,900
7
141
114
6.5%
93
571,300
528,000
10
12.6%
-
-
-
-
12 13
SW Heights
14
Lincoln/Hazel Dell
15
E Hazel Dell
20
NE Heights
21
Orchards
22
Evergreen
23
E Heights
24
Cascade Park
25
Five Corners
26
E Orchards
27
Fisher's Landing
31
SE County
2
4
0
7
250.0%
6
929,100
97
19
17
54.5%
14
1,117,700
956,500
55
53.5%
-
-
3
444,700
32
Camas City
69
102
11
69
-15.9%
61
931,400
21
351
278
-17.0%
257
834,600
752,000
25
22.5%
-
-
9
470,000
33
Washougal
51
61
3
42
-22.2%
40
717,700
56
226
176
5.4%
163
706,700
650,000
35
21.5%
25
445,800
41
N Hazel Dell
14
46
1
48
29.7%
28
605,900
9
159
140
10.2%
114
547,900
525,000
14
13.6%
1
115,000
42
S Salmon Creek
25
46
12
29
-27.5%
29
505,600
10
214
141
-14.5%
127
504,400
499,900
15
15.2%
2
425,000
43
N Felida
32
43
2
27
-28.9%
28
704,700
13
166
134
-6.9%
112
640,400
596,800
13
17.0%
-
-
3
445,000
-
-
44
N Salmon Creek
32
47
1
34
-26.1%
26
606,800
17
187
147
-14.5%
129
588,300
575,000
20
18.6%
-
-
2 32,560,000
-
-
50
Ridgefield
51
72
13
47
-23.0%
53
643,500
30
287
242
-33.5%
279
632,700
598,400
26
21.7%
6
569,200
-
-
51
W of I-5 County
24
12
5
2
-84.6%
2
1,125,000
4
52
16
-36.0%
13
970,800
859,000
10
39.9%
-
-
5
410,000
-
-
52
NW E of I-5 County
21
20
3
10
-41.2%
7
665,100
13
65
45
-57.1%
47
784,100
699,000
61
0.2%
-
-
3
460,000
-
61
Battleground
75
75
4
55
-20.3%
44
601,900
28
330
304
20.6%
284
573,900
536,400
31
22.9%
6
238,500
62
Brush Prairie
81
104
11
82
-15.5%
93
676,200
18
450
411
-4.9%
373
620,800
576,800
18
12.3%
-
-
5
505,800
63
East County
2
2
0
0
-100.0%
1
851,000
4
4
4
100.0%
4
812,800
838,000
42
72.4%
-
-
64
Central County
5
4
0
-100.0%
2
1,175,000
14
18
11
-47.6%
13
787,700
757,000
11
18.4%
-
-
5
65
Mid-Central County
3
11
0
11
37.5%
2
950,000
3
25
22
0.0%
13
911,500
865,000
51
26.3%
-
-
66
Yacolt
10
14
0
11
37.5%
5
547,000
43
47
42
5.0%
37
586,300
468,000
43
9.0%
-
70
La Center
11
11
2
11
-8.3%
16
561,100
18
50
45
-22.4%
49
573,900
579,200
20
20.1%
71
N Central
3
5
1
3
-40.0%
1
677,000
10
21
20
5.3%
19
531,500
540,000
27
17.6%
72
-
NE Corner
5
4
0
1
-66.7%
1
175,000
49
8
3
-57.1%
3
700,000
725,000
19
4.7%
774
1,169
107
872
-16.1%
792
604,400
18
4,728
3,944
-8.7%
3,595
578,900
525,000
21
16.7%
80
-
NW Heights
Woodland City
11
14
1
8
-11.1%
9
564,200
11
54
41
-8.9%
37
507,700
487,000
16
34.0%
82 81
11
Active Listings
Current Month
Woodland Area
11
8
0
6
-25.0%
2
893,000
152
44
23
18.8%
23
687,900
630,000
32
17.0%
Cowlitz County
134
149
11
108
1.9%
96
430,100
22
606
498
16.4%
433
418,500
383,000
28
15.1%
1
Cowlitz County Total
156
171
12
122
-0.8%
107
450,000
24
704
562
11.1%
493
437,800
400,000
27
17.0%
Pacific County Total
33
17
3
13
-27.8%
14
360,100
11
99
72
-27.3%
72
367,400
352,000
32
20.5%
87
Clark County Total
-
3
185,200
175,000
6
2
477,500
1
520,000
5
1,179,200
1
530,000
7
13
0
13
-40.9%
15
496,200
5
94
92
2.2%
88
469,700
460,000
8
16.6%
-
-
-
-
54
14
26
-46.9%
22
525,900
32
220
147
-30.3%
120
574,200
551,000
43
14.0%
-
-
-
-
19
35
1
29
11.5%
15
552,400
10
119
98
-3.0%
80
594,500
562,800
8
24.1%
-
-
1
-
2
© Copyright RMLS 2022. All Rights Reserved.
1
950,000 -
2
1
2
425,000
150,000
1,047,600
-
1
34
-
-
-
450,000
-
-
-
632,800
1
699,000
2
614,500
-
-
2
569,500
3
633,300 -
359,800
-
-
4
542,500
-
-
-
2
195,000
-
-
-
-
1
100,000
-
-
-
-
3
250,500
-
-
-
499,800
2
610,000
-
5
-
9
-
-
-
94
1,092,300
-
58
706,800
1
379,000
2
1,071,000
11
283,000
100,000
79
190,900
20
455,700
3
440,000
92
221,000
21
452,000
1
400,000
39
107,600
-
-
-
-
-
-
ACTIVE RESIDENTIAL LISTINGS
Active Residential Listings 1,400
CLARK COUNTY, WA
1,200
This graph shows
1,000
the active residential listings over the past
800
three calendar years
600
in Clark County,
400
Washington.
200
JAN FEB MAR APR MAY JUN JUL AUG 2020 1,154 1,100 1,302 1,334 1,304 1,149 1,161 1,038 2021 458 401 361 486 471 564 706 728 2022 345 389 424 510 774
NEW LISTINGS
SEP 893 761
OCT 807 664
NOV 633 522
DEC 507 391
New Listings
CLARK COUNTY, WA
This graph shows the
1400
new residential listings
1200
over the past three
1000
calendar years in Clark
800
County, Washington.
600 400 200
2020
1
2021
2022
Percent change in number of pending sales this year compared to last year. The Current Month section compares May 2022 with May 2021. The Year-To-Date section compares 2022 Year-To-Date statistics through May with 2021 Year-To-Date statistics through May.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (6/1/21-5/31/22) with 12 months before (6/1/20-5/31/21).
3
Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
3
© Copyright RMLS 2022. All Rights Reserved.w
PENDING LISTINGS
Pending Sales
CLARK COUNTY, WA
This graph represents
1200 1100
monthly accepted
1000 900
offers in Clark County,
800
Washington over the past
700 600
three calendar years.
500 400 300
2020
2021
2022
CLOSED SALES
Closed Sales
CLARK COUNTY, WA 1,000
This graph shows the
900
closed sales over the past
800
five calendar years in Clark County, Washington.
700 600
2018
500
2019
400
2020 2021
300
2022
200 100 0
DAYS ON MARKET
Average Total Market Time
CLARK COUNTY, WA
100
This graph shows the
90 80
average market time for
70
sales in Clark County,
60 50
Washington over the past
40 30
three calendar years.
20 10
2020 TMT
2021 TMT
2022 TMT
4
© Copyright RMLS 2022. All Rights Reserved.
This graph represents the average and median sale price for all homes sold in
SALE PRICE
Clark County, Washington.
CLARK COUNTY, WA
Average and Median Sale Price 650,000 600,000 550,000 500,000 450,000 400,000 350,000 300,000 250,000
Average Sale Price
Median Sale Price
New Listings
NEW LISTINGS COWLITZ COUNTY, WA
This graph represents new listings in Cowlitz County,
180 160 140 120 100
80
Washington over the past
60
three calendar years.
40 20
2020
2021
© Copyright RMLS 2022. All Rights Reserved.
2022
May-22
Nov-21
May-21
Nov-20
May-20
Nov-19
May-19
Nov-18
May-18
Nov-17
May-17
Nov-16
May-16
Nov-15
May-15
Nov-14
May-14
Nov-13
May-13
Nov-12
150,000
May-12
200,000
PENDING LISTINGS
Pending Sales
COWLITZ COUNTY, WA
170
This graph represents monthly
150 130
accepted offers over the past
110
three calendar years in Cowlitz
90
County, Washington.
70 50
2020
2021
2022
CLOSED SALES
Closed Sales
COWLITZ COUNTY, WA
160 140
This graph shows the closed
120
sales over the past five 2018
100
calendar years in Cowlitz
2019
80
2020
County, Washington.
2021
60
2022
40 20
OCT
NOV
Average Sale Price $500,000 $450,000
This graph represents the
$400,000
monthly average sale price
$350,000
$250,000 $200,000
6
© Copyright RMLS 2022. All Rights Reserved.
May-22
Feb-22
Nov-21
Aug-21
Feb-21
May-21
Nov-20
Aug-20
$100,000
Feb-20
$150,000
May-20
County, Washington.
$300,000
Nov-19
for all homes sold in Cowlitz
DEC
Aug-19
COWLITZ COUNTY, WA
SEP
May-19
AVERAGE SALE PRICE
AUG
Feb-19
JUL
Nov-18
JUN
Aug-18
MAY
Feb-18
APR
May-18
MAR
Nov-17
FEB
Aug-17
JAN
May-17
0
Contact RMLS 16101 SW 72nd Ave. Suite 200 Portland, OR 97224 503.236.7657
MEDIAN SALE PRICE May 2022 SW WASHINGTON
communications@rmls.com
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS. Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.
PORTLAND METRO
Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS.
$426,000 N/NE Clark County
$585,000 $615,700
Battle Ground
Ridgefield/La Center $453,800 Columbia County $625,000 Salmon Creek
$620,000 Brush Prairie Hockinson
$575,500 Felida
$500,500 Hazel $453,500 5 Corners Dell Minnehaha Orch.
$785,000 North Washington County
$402,500 Cent. Vancouver
Sauvie Island
$563,000 Hillsboro Forest Grove
$555,000
$684,500 West Portland
Beaverton Aloha
$650,000 Tigard/Tualatin Sherwood Wilsonville
$750,000 Camas/Washougal $575,000 NE Portland $560,000 SE Portland $568,500
$880,000
$480,000 Cascade Park
$547,500 Heights
$534,500 N Portland
$454,000
RMLS was formed by area Boards and Associations of REALTORS® in 1991.
$615,000 Woodland
Milwaukie/Gladstone/ Boring/Clackamas Estacada
$510,000 Gresham Troutdale Sandy Corbett Fairview
Lake Oswego West Linn $615,000 Oregon City Canby Molalla Beavercreek
Yamhill County
Dale Chumbley, Chairman of the Board Kurt von Wasmuth, President/CEO Jorden Holland, Co-Editor
© Copyright RMLS 2022. All Rights Reserved.
$664,500 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MARKET ACTION ADDITION Some regions have a higher proportion of active residential listings that are not yet under construction (designated as “Proposed”), meaning there are fewer “Active” homes that are ready for an immediate move in. RMLS is now offering additional statistics that delve more deeply into the inventory counts for the Portland Metro and SW Washington sections of the monthly Market Action report. These statistics are presented as insert pages at the end of each region’s section. The following summary shows the number of homes available for immediate purchase and occupancy.
Clark County, Washington Market Action Addition: May 2022 Total Active Listings* Reported in Market Action:
774
Less Listings with Purchase Contingencies*:
29 745
Readily Purchased Listings: Percent of Total Active Listings:
96.3%
Less New Under Construction (not ready for occupancy):
93
Less New Proposed (not started):
74
Total Readily Purchased & Occupied Listing: Percent of Total Active Listings: Inventory in Months of Readily Purchased & Occupied Listings:
578 74.7% 0.7
* Active Listings reported in Market Action include three statuses (ACT, BMP, SSP). Two of these statuses are defined as listings with accepted offers that are still marketed as active listings due to the type of offer on the property. These are Bumpable Buyer, which is an offer that is contingent on the sale of the buyer’s current home, and Short Sale Pending, where an offer has been accepted by the seller but the required third party approvals have not been obtained.
© Copyright RMLS 2022. All Rights Reserved.