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Clark County WA Real Estate Market Report November 2016
Unit-Sales Leveling but Still Rising Prices for Clark County WA's Real Estate in October 2016! We have had another massive sales-year in Clark County so far for pre-owned Homes and Condos.  We are clearly hitting the limits of the existing-home inventory level, as we've closed essentially the same number of units this year (actually four (4) units more) with the prices moving up the strongest rate we've seen in many years. Here are some of the highlights for October 2016: 
Average-Sales Prices are strongly up, with the 12-month/long-term trend line up 11.2% compared to the prior year, and the 3-Month Moving Average  up 13.8% from the same month last year; 
  The Inventory for Resale Homes further slipped down to 1.7-Months Supply - a strong seller's market;
  Approximately 552 Resale Homes were sold in October 2016, which is about -136 (-19.77%) fewer homes than in October 2015.
  REO/Bank Owned property sales were 11 units (2.0% of total); down from 29 (4.2%) in 2015. 
  Short Sale /Pre-Foreclosure property sales were 9 units (1.6% of total); down from 12 (1.7%) in 2015. The October 2016 30-year-fixed home loan benchmark interest rate is 3.47% (up from 3.46% last month) according to Freddie ... more

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