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Vancouver WA Home Sales Report - May 2018
Rising Prices with Slow Home Sales for Vancouver WA in May 2018 Unit volume showed softness this month while prices are in the double-digit range higher when compared to last year at this time. The highlights for Vancouver Home Sales include:
401 Resale Homes were sold in May 2018, which is 49 fewer (-10.9%) homes than were sold in May 2017.
  The 3-Month Moving Average Price Trend Line is 11.2% higher than the prior year; with the 12-Month Moving Average now up 10.38%.
  Short Sale /Pre-Foreclosure property sales were 4 unit (1.0% of total); down from May 2017's 11 (2.44% of total).
REO/Bank Owned home sales were 9 units (2.24% of total); compared to 11 units in May 2017 (2.44% of total).
  The Inventory for Resale Homes moved up again slightly to 1.4 Months of Supply. Like other parts of the country, we are starting to see softening sales attributable to the combination of Higher Prices and Higher Home Loan Interest Rates.
Freddie Mac's report on the history of the 30 year Interest rate for home loans came in at an average of 4.59% for the month, which is again up from last month, and higher than last year's 4.01% rate - ... more

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