Hello Clark County,
Our October stats just came in and I thought I'd share a few things.
First off, our inventory dropped slightly from 12 months to 11.4 months. What does this mean? It means that if no new listings come on the market it will take 11.4 months to sell all the current single family residential houses currently on the market. So, if you are a seller do you want to be one that sells in the next month or two or do you want to be at the end of that time? I know where I'd want to be. Make sure you are competively priced to draw the most positive attention possible.
While the overall county is currently appreciating at an average rate of 3% from October of last year to October of this year, we had a couple areas that seem to be outperforming the rest. According to RMLS the area North of the Columbia River, South of Mill Plain, East of I-5 and west of I-205 is running between 18% to 20%. Not too shabby. The key is still making sure you are priced correctly.
Take care,
Dale Chumbley
Clark County Real Estate Blog
The Chumbley Team
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