Longview Washington Real Estate Market Report for 2011.
Even though in the County sales were up in 2011 From the year before, the Longview Washington real estate sales were slightly down compare to the previous year, 333 single family homes were sold in 2011 compare to 341 in 2010. And the inventory keeps shrinking, see graph below, at the end of the year there were only 210 homes on the market, the lowest inventory in a long time.
Some encouraging changes I notice from last year are; one, in 2011 homes were selling on an average of 97% of asking price compare to 93% in 2010, two, foreclosure inventory is down about 38% form the beginning of the year and three, dates on market is also down from the previous year, all positive signes in my opinion.
See the graphs below to for more information about average price, days on market, average price and months of inventory.
Number of homes for sale, pending and sold in Longview
Average price per sq. ft. in Longview
Average price of active and sold listings