Unit Home Sales Show a Modest Rebound While Closed Sales Prices Retreat for Camas WA in May 2020
A bit of an up-tick took place in closed home sales for this month yet, not nearly enough to keep prices at their high-level. Here are the key points for this month's report:
- The Short-Term Average Price Trend lost ground but is positive at 2.21% higher than last year ($11,686); with the 12-Month Moving Average also mildly positive at 2.56%
- The Inventory level remained at 1.8 months of supply for pre-owned homes.
- Approximately 35 Resale Homes closed in May 2020, compared to 54 Sold in 2020; which is 19 fewer (-35.2%) compared to last year, and 12 more than last month;
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) in 2019.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); no change from 0 (0%) in 2019.
The Average Sales Price is now at $541,320, which is approximately $118,691 higher than the Clark County average for this month (a modest decrease from last month).
I've prepared a custom chart for the number of homes sold (Unit-Sales) shown below; and it highlights the Short Term and Long Term trends:
Camas Resale Home Sales - Units Sold Trend May 2020This is traditionally a month where we should be seeing strong upward movement in the unit-sales trends but this time, we just have a weak up-tick from the year's short-term bottom; although the long-term is still at a relatively high level.
Average Closed Sales Prices (below) have retreated from their recent all-time high, with the short-term trend line barely above the long-term line.
Camas Resale Home Sales - Average Sales Price Trend May 2020
With the economy still severely restricted, it is easier to see downward pressure coming into the market for prices in the near term.
My final charts are from the RMLS Statistics package showing this month's results in a mixed-graph-type format:
Camas Resale Home Sales Inventory & Days on Market - May 2020
The Inventory-by-Month graph shows both New Listings and Pending Sales making a nice upward move; with Closed Sales making a modest gain. There was a balance in demand and sales to keep the Active Inventory level unchanged.
The middle chart shows Average List Price coming in relatively strong; while Closed Sales price eased from the level seen the past two months.
Finally, the Average Days on Market bounced upwards modestly after last month's huge drop; with the Median also rising by a few days.
Thank you for visiting our Homes for sale report for Camas WA. We'd love to know how we can help you; or, help someone you know with their home Sale or Purchase needs in this fine community in SW Washington!
PS - we love to help our customers sell or buy their Camas home. Thinking of Selling or, just want to know what your real estate is worth? We offer a no-cost, no-obligation Camas WA Home Valuation, and invite you to try it out Today!
PPS - We also Love to help Camas Home Shoppers, and invite you to visit our page for Camas WA Homes for sale , where 16 neighborhood searches are set up, such as: Lacamas Shores Homes for sale, Homes for sale in Parker Estates, Homes for sale in Holly Hills, Camas WA; in addition to 7 category searches such as Condos for sale in Camas WA; Foreclosure Homes Camas WA, Property listings are from the entire RMLS.
The Camas Real Estate charts in this report (prepared by Camas WA Home Sales Broker John Slocum, our resident statistician) are based on home sales recorded in the Camas MLS system (RMLS), excluding sales of mobile home; and shows the purchase activity since 2009; charting the 3 month Moving average number of sales, and the 12 month Moving average. This "smoothing" of the trend-data helps illustrate the short-term and longer term trends in the Camas real estate market.
Disclaimer: as with any real estate statistics, we always do our best to provide the best representation at the time the data was acquired. We deem the data and reports reliable but not guaranteed.
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