Monday Market Snapshot 2010/05/31

I've been wondering if the market would reflect the removal of the tax-credit supports. I think it may be showing in this week's numbers.

Both the raw numbers and the ratios reflect the maket status as it was in early April. I guess we could say it reversed itself over the last month? Not sure what to call it. But, raw numbers for active listings are 2618 active in the city and 3654 for the whole county. The number of sales pending final recording are 918 for city and 1155 for the county. So, that's slightly less that 3 to 1 for city and slightly more than 3 to 1 for the county. The proportion of short sales and bank owned is about 31% for the city and 28% for the county.

What's next? I'm including the graph that reflects the last year of numbers for active and pending that I've recorded. That gap there is the couple of months I took off during the winter. Mostly, the trend has been for the active and pending lines to come closer together (that would be the ratio I refer to) and in a normal time, the closer the two get, the more upward pressure on pricing (reflecting laws of supply and demand). What isn't shown in the chart is the balance of short sale and bank owned that weigh the prices down.

It's best not to try to time the market. The best thing you can do is to make careful, well informed decisions about the market you're in today. If you are looking to sell or buy property in Vancouver Washington, or elsewhere in the Clark County Washington area, such as Camas, Washougal, Battle Ground, or Ridgefield, Washington, then be confident you can call me and get the information you need.

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