Vancouver WA Real Estate Market Update March 2024
By John Slocum, Broker, SFR - Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Both New Listings and Pending Sales Moved Up, with New Listings taking a slight Lead.After the slow start at the first of the year, two key items show improvement: Active Listings caught up to last year's mark; and Pending Units came in 10.32% higher.The lower level of Sold Units is a reflection of how January and February were slower for sales than they were for the same two months one year ago.The next chart shows the 3-month rolling average Trend for Pending Home Sales in Vancouver. With the the trend-line catching up to 2023's line, and March actually exceeding it, perhaps we are now seeing the activity level coming up off the Low for this cycle:Next we show the 3-month rolling average trend for Closed Unit Sales for pre-existing homes in Vancouver WA:We see in the above 3-month tre...
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