vancouver wa realtor: Vancouver WA Real Estate Market Update December 2023
- 01/04/24 02:46 PM
New Listings Fell Dramatically this month for resale homes in Vancouver Washington; with Number of Homes / Units Sold nearing Decade-long Low; with Prices still facing downward pressure.We are now looking at a real estate activity level for the existing home inventory at a low level of activity not seen since the Great Financial Crash of 2008/2009! We are also seeing Home Affordability at extremely unfavorable levels, which matches up with the nearly 1/3rd less activity seen in the current market.
Our first table compares key measurements, December 2023 vs December 2022:
Even though the activity in the real estate market had dropped … (0 comments)
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vancouver wa realtor: Vancouver WA Real Estate Update August 2023
- 09/13/23 02:18 PM
Sales Prices halt their rise; while the Number of Sales Closed remains Incredibly Low.The Federal Reserve and Wall Street have continued to keep financing rates very high for home sales; which is the largest driver we know of that is keeping the number of homes sold at about 30%+ lower than we've seen in the past 5 years. The relatively high rates are putting a huge pinch on the buyers wanting to enter the market; and putting the pinch on owners that would like to sell their current home and need a new loan to buy their next home. The combined … (1 comments)
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vancouver wa realtor: Vancouver / Portland Metro Real Estate Market RMLS Snapshot 6/9-6/15
- 06/20/23 10:54 AM
We are Still in the Brisk Season of the Year, according to these Real Estate StatisticsRMLS - our local MLS is the predominate provider in the Vancouver WA / Portland OR metro area, which is the bulk of the data in the graphic below:
We can see that Home Sales Prices are still rising at a strong pace; with the Pace of the market being rather brisk. The decline in New Listings is something we'll want to check in on again next week, as our market has way too few listings on the market.
Closed Sales are also up nicely, which is a … (3 comments)
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vancouver wa realtor: Vancouver WA Real Estate Market Update April 2023
- 05/30/23 11:16 AM
In our updates we like to show brief graphics that help us understand the trends; where we've been, and the direction we are currently going. The first graph shows the 3-month rolling average of Pending Sales for existing homes in Vancouver WA:
When reviewing the above year-by-year trend-lines, remember that most of 2020, all of 2021 and part of 2022 received an Overly amount of financial stimulation from the Federal Reserve.
Clearly the first four months of 2023 are far below the sales activity we've seen in each of the previous five years.
Our next chart goes back to the year 2009, and shows … (2 comments)
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vancouver wa realtor: Early View for February 2023 Existing Home Sales Results Vancouver WA
- 03/06/23 03:54 PM
With this being such a tumultuous time in the Vancouver Washington (and national) real estate / home sales market, I know we have readers that would like to have a good idea how February 2023 turned out. For most months the data "firms up" about 10 to 14 days into the month (for various reasons) thus, we'll call this report a "sneak peek. "
The first chart we have is for the 3-month rolling average for Pending Sales, going back to 2018:
With February being short by 2 to 3 days, in most years we see this month as a low spot in … (2 comments)
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vancouver wa realtor: Graphing the Home Sales Decline for Vancouver & Clark County WA 1-2023
- 02/27/23 04:07 PM
Across the USA the number of Home Sales tallied has declined to a much lower level than we had come to expect in recent years. For Vancouver WA and Clark County, our local RMLS has prepared the graph below that shows the Pending Sales by month for 2021, 2022 and January 2023:
The above data points are by-month, and include Existing Home Sales plus New Construction Home Sales. One of the challenges or, short-comings of this chart is that not all New Construction sales are listing in RMLS and thus, those non-RMLS New Home Sales aren't reflected in the above chart.
Another short-coming … (1 comments)
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vancouver wa realtor: Vancouver & Clark County WA Real Estate Snapshot for January 2023
- 02/22/23 09:18 AM
January's Snapshot numbers suggest the local market is firming up, if not turning around.This month's snapshot-graphic by RMLS for Southwest Washington highlights key-item measurements for our local real estate market:
Last month's graphic (see: December 2022's Clark County Real Estate Snapshot) suggested we still have a Seller's Market, and this month's numbers suggest greater movement in that direction.
Prices for the Average and Median have moved up. We know one month does not necessarily indicate a trend, it certainly suggests however that a "free-fall" drop in prices is not currently happening.
Although the "Inventory in Months" went up to 2.5 months, when we remove … (2 comments)
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vancouver wa realtor: Declining Vancouver WA Home Sales - A Couple of Additional Reasons Why
- 01/20/23 11:32 AM
Nationwide we are seeing reports that the number of Existing Home Sales have Declined for 11th Straight Months; and want to show our readers what we are seeing in the local Vancouver Washington market, and to provide a couple of additional reasons, beyond the massive rise in home loan rates, why we are seeing fewer home sales of late.
We have prepared the attached graph that shows the rolling-averages (3-month and 12-month) tracking the existing home sales in Vancouver WA:
We can see from the chart the existing sales losing their annual upward momentum around Spring 2022. This is also clearly a strong … (0 comments)
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vancouver wa realtor: Vancouver WA Real Estate For Sale - February 2022 Report
- 03/30/22 09:24 AM
Property / Unit Sales Slower, with another Slight Price Rise for a New Record High for Vancouver WA in February 2022. 2021 was an extremely strong market that consumed nearly every piece of available Inventory. Now we see modestly reduced Unit Sales compared to last year, a result that shouldn't be too surprising. Prices are still seeing pressure to move up, and although the gain was small they still achieved another New High. Super Low Active Inventory is clearly hampering unit sales so far this year. Mortgage rates have moved up strongly to 3.76%. Here are the highlights for this month:
… (2 comments)
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vancouver wa realtor: Vancouver WA Homes For Sale - January 2022 Report
- 02/28/22 02:28 PM
Property / Unit Sales dropping, with Slight Price Rise to a New Record for Vancouver WA in January 2022. We are starting the new year with greatly reduced Unit Sales compared to last year, although last year's posting was unusually strong. Prices however, are on the move back up, with a small gain they hit another New High. Abnormally Low Active Inventory is no doubt one of the reasons unit sales are down this month. Mortgage rates have moved up strongly to 3.45%. Here are the key points for this month:
257 Resale Residential Properties closed this month, which is 25 … (1 comments)
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vancouver wa realtor: Vancouver WA Real Estate for sale - December 2021 Report
- 01/17/22 10:11 AM
Much Slower Unit Sales, with Slower-to-Stalled Price Rise for Vancouver WA in December 2021. As we complete the final month of the year we see typical slowing in Unit-Sales with Prices the softest we've seen in a long time; with extremely Record-Low Active Inventory. Mortgage rates remain moved up slightly to 3.10% Real estate Prices in Vancouver WA slowed their rise to less-than $3k above last month (up 15.58%+ year-over-year). Here are the highlights for this month:
435 Resale Residential Properties closed this month, which is 10 more (2.35%) compared to the same month last year; and 7 more than last … (1 comments)
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vancouver wa realtor: Real Estate in Vancouver WA - August 2021 Report
- 09/14/21 10:44 AM
Seasonal Slowing in Unit Sales while still Stronger than last year; are combined with a Slowing Price Rise for Vancouver WA in August 2021. The Pace of Sales and level of Active Inventory show we are still in a strong Seller's Market. Mortgage rates remain below 3% Real estate Prices in Vancouver WA slowed their rise to approximately $3k aver last month (up 19%+ year-over-year). Here are the key points for this month:
506 Resale Residential Properties closed this month, which is 83 more (19.62%) compared to the same month last year; and 80 fewer than last month.
The 3-Month Moving … (4 comments)
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vancouver wa realtor: Vancouver WA Real Estate - February 2021 Report
- 03/19/21 03:44 PM
Strong Unit Sales Combined with Super-Low Inventory Moves Prices Upward for Vancouver WA in February 2021. With Strong Demand taking most every listing available, we start the year for Real estate in Vancouver WA with unseasonably strong unit-sales and prices hitting another new high. I Mortgage Interest Rates rose slightly but were still below 3.0% Here are the key points for this month:
311 Resale Residential Properties closed this month, which is 34 more (12.27%) compared to the same month last year; and 29 more than last month.
The 3-Month Moving Average Price Trend broke out of its holding pattern to … (2 comments)
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vancouver wa realtor: Vancouver WA Real Estate Report - December 2020
- 01/12/21 02:50 PM
Unit Sales for Resale Properties Unseasonably Strong; with Sales Price finishing near the All-Time High for Vancouver WA in December 2020. Real estate for sale in Vancouver WA finished the year with extremely strong unit-sales with prices ending at a very high level. Inventory shrank again; as did Mortgage Interest Rates. Here are the key points for this month:
412 Resale Residential Properties closed this month, which is 128 more (45.07%) compared to the same month last year; and 56 fewer than last month.
The 3-Month Moving Average Price Trend powered to another new high, and is now at $425,546, with … (3 comments)
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vancouver wa realtor: Real Estate Sales in Vancouver WA - October 2020 Report
- 11/19/20 02:23 PM
Unit Sales for Resale Properties Power to an All-Time High; with Sales Price also Hits an All-Time High for Vancouver WA in October 2020. Real estate sales in Vancouver WA has not been slowing like we would typically see at this time of year. Super Low and Declining Inventory; combined with Record Low Mortgage Interest Rates insures Prices will rise strongly. Here are the highlights for this month:
526 Resale Residential Properties closed this month, which is 132 more (33.33%) compared to the same month last year; and 55 more than last month.
The 3-Month Moving Average Price Trend powered to … (3 comments)
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vancouver wa realtor: Vancouver WA Homes For Sale - September 2020 Report
- 10/15/20 11:50 AM
Strong Double-Digit Sales Price Increase; with Good Showing for Unit-Sales for Vancouver WA in September 2020. Vancouver WA homes for sale have been going through challenging times with the State's Stay-At-Home Order(s). Extremely low Active Inventory combined with record-low finance rates is hampering price stability. Here are the key points for this month:
461 Resale Residential Properties closed this month, which is 47 more ( 11.4%) compared to the same month last year; and 44 more than last month.
The 3-Month Moving Average Price Trend zoomed up to another new high, and is now at $418,989, with a year-over-year gain of … (1 comments)
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vancouver wa realtor: Vancouver WA Real Estate Sales - June 2020 Report
- 07/20/20 09:26 AM
12% Lower Number of Properties Sold; While Sales Price Moves Up almost 6% for Vancouver WA in June 2020. Vancouver WA Real Estate sales are still adjusting to the shock of the Economy being significantly shut-down. With Active Inventory at such an extremely low level, Prices resumed their upward move as expected. Here are the highlights for this month:
396 Resale Residential Properties closed this month, which is 53 fewer (-11.8%) compared to the same month last year; and 92 more than last month.
The 3-Month Moving Average Price Trend Line finished at another new high, and is now at $389,111, with … (3 comments)
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vancouver wa realtor: Vancouver WA Homes For Sale - May 2020 (Restored)
- 07/17/20 01:43 PM
*** The original posting of this report was (temporarily?) "Lost" due to a Cloud-Outage; and has been here, and will be removed if the original is restored ***25% Fewer Homes Sold While Home Sales Price Moves Up
Less than $100 for Vancouver WA in May 2020.re-posted Home sales in Vancouver WA have continued to be challenged because of fewer listings and so many buyers having Income challenges. The Closed-sales Price did rise but less than $100, and we aren't certain what direction prices will take once the activity level increases again. Here are the key points for this month:
299 Resale Residential … (1 comments)
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vancouver wa realtor: Property Showings Improve in Late April for Vancouver and SW WA
- 05/05/20 09:42 AM
Vancouver and Southwest Washington's Lockbox Openings Move Up 29% at the End of April 2020! End Of April Lockbox Openings in Southwest Washington What to observe in this Chart: When a RMLS lockbox is opened, whether for maintenance or an actual showing, an "opening-event" is recorded allowing this chart to be produced. Although the bulk of the openings are likely related to showing a property, it is not a one-for-one match. Never the less, it is an excellent indication of property buyer activity.
For Vancouver and Southwest WA and Vancouver WA we see an increase in activity - … (3 comments)
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vancouver wa realtor: Vancouver WA Real Estate Update - March 2020
- 04/09/20 07:30 AM
Sales Price Hits New High, With a Big Drop in the Number of Properties Sold in Vancouver WA for March 2020. Vancouver WA Real Estate Sales posted lower unit-sales (number of properties sold) as the combination of Low-Inventory, Financial Market angst and Pandemic angst all came into play. Sales Prices however, edged up again to a new High; which is likely just typical Inertia, and will likely stall and decline as well. Here are the key elements for this month:
304 Resale Residential Properties closed this month, which is 38 fewer (-11.11%) compared to the same month last year; with 29 more … (3 comments)
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New Listings Fell Dramatically this month for resale homes in Vancouver Washington; with Number of Homes / Units Sold nearing Decade-long Low; with Prices still facing downward pressure.We are now looking at a real estate activity level for the existing home inventory at a low level of activity not seen since the Great Financial Crash of 2008/2009! We are also seeing Home Affordability at extremely unfavorable levels, which matches up with the nearly 1/3rd less activity seen in the current market.
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