Clark County WA Housing Market November Update

By Team PNW

Real Estate Agent with Team PNW 137226

November 14, 2020 12:00 PM

Market Insights, Statistics, Graphs and Infographics

Covering the real estate market for Battle Ground, Camas, Ridgefield, Vancouver and Washougal Washington.

Virtually sold out in Clark County up to $750,000
Frenzy activity will continue into 2021
Strong price appreciation due to low interest rates and low inventory
Historically low interest rates of 3.00%

The real estate market activity in Clark County continues to rise, even as temperatures fall. Each new listing is being watched by the whole market. 92 percent of home sales in Clark County are priced under $750,000 and we are virtually sold out of inventory for all homes in this price category. Home sales continue to be in the Frenzy and Extreme Frenzy classification, while homes above $750,000 are still showing a historically low inventory and strong sales as activity continues to intensify.

Clark County WA Real Estate Market Statistics

Interest Rates are up slightly from last month, but are still at historically low levels. This continues to drive strong buyer demand resulting in 78% of listings going pending in the first 30 days, compared to a normal level of 30%.

Clark County WA Real Estate Infographic November

What is the best time to sell your Clark County, WA home?

The simple answer to this question is, whenever it’s right for your circumstances. Many areas in Clark County, WA are virtually sold out of inventory, and low interest rates will continue to drive strong buyer demand. Inventory levels through fall and winter are expected to drop even lower, keeping this a seller’s market.

These conditions have created a multiple-offer, quick-response market as buyers hurry to find a home as soon as it hits the market. If selling makes sense to your individual circumstances, then contact us for a no obligations listing presentation where we can discuss your options and how we can market your home to maximize your return.

Looking to buy in Clark County, WA

Check out our Clark County real estate and community guides.

Clark County WA November Market Update Video