A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Southwest Washington May Residential Highlights This month we’re introducing an enhanced Residential Highlights Chart located below. You can now compare measurements for the current month to the previous month as well as the same month last year. Clark County real estate activity increased in almost all measures in May 2012 compared both to May 2011 and the previous month. Only new listings dipped 7.9% when comparing May 2012 to May 2011. Pending sales increased 5.1% comparing May this year and last (558 v. 531) and 9.6% from the previous month this year. The 473 closed sales were a 12.9% increase from 419 in May 2011 and an 18.3% increase compared to the 400 in April 2012. At the May rate of sales, the active listing count of 2,710 would be exhausted in 5.7 months. This
2012
Clark County Residential Highlights
2011
is the lowest inventory in Clark County since June 2006 when it was 4.7. Home prices increased when comparing May to the same period last year. The average sale price rose 4.7% from $219,200 to $229,500, and the median sale price was 3.7% higher, going from $189,900 to $197,000.
Year-to Date When comparing the first five months of 2012 to the same in 2011 the results continue to be mixed. New listings declined 15.1% from 3,931 to 3,338. However, both accepted offers and closed sales rose 6.1% and 5.9%, respectively. Pending sales numbers went from 2,266 to 2,405, while closed sales rose from 1,863 to 1,973. 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 6.
New Listings
Pending Sales
Closed Sales
Average Sale Price
Inventory in Months* 2010 2011 2012 January 12.4 11.7 8.8 February 11.6 12.1 7.7 March 7.7 8.3 6.4 April 6.6 7.8 6.7 May 6.6 7.9 5.7 June 6.8 6.8 July 12.0 7.3 August 11.9 6.5 September 10.4 6.8 October 11.1 7.2 November 11.7 8.0 December 9.1 6.5 *Inventory in Months is calculated by dividing the Active 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: -7.8% ($210,000 v. $227,800) Median Sale Price % Change: -8.8% ($182,500 v. $200,000)
For further explanation of this measure, see the second footnote on page 3.
Median Sale Price
Total Market Time
May
750
558
473
229,500
197,000
144
April
659
509
400
218,700
190,000
170
3,338
2,405
1,973
211,000
180,000
147
814
531
419
219,200
189,900
123
Year-to-date
3,931
2,266
1,863
216,800
190,000
151
May
-7.9%
5.1%
12.9%
4.7%
3.7%
17.9%
Prev Mo 2012
13.8%
9.6%
18.3%
4.9%
3.7%
-15.3%
Year-to-date
-15.1%
6.1%
5.9%
-2.7%
-5.3%
-3.1%
Year-to-date
Change
May 2012 Reporting Period
May
© Copyright RMLS™ 2012. All Rights Reserved.