Home Sales Stumbled in Battle Ground WA with Units Sales Lower, and Lower Prices for June 2019
Home sales fell substantially this month compared to last year and to last month's performance; and closed-sales came in very close to last month's number. Inventory rose again. Below are key points for this month:
- The 3-Month Moving Average Sales Price is $400,166 which is down -9.22% compared to the previous year (up ever so slightly from last month); with the 12-Month Moving Average now at $416,546 or, 3.22% higher (which is a decrease from last month).
- The Inventory level for Resale Homes rose to 2.7 Months (up 0.3).
- Approximately 41 Pre-owned Homes closed, compared to 72 Sold in June 2018; an decrease of 31 homes (-43%).
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) for the same month in 2018.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); compared to 0 (0%) in June 2018.
The Average Sales Price for Battle Ground increased moderately to $400,166 this month, and is -$40,619 lower than at this time last year; and now leads Vancouver's price-level by $31,100 (down from last month).
The charts below show the trend for the Average Number of Homes Sold; with the short term (3-months-trend shown in red) and long term (12-months - blue) trend-lines:
Battle Ground Resale Home Sales - Units Sold Trend June 2019
Unit-sales had been moving along very nicely until this month when they seemed to hit a brick wall. Year-to-date Battle Ground's unit sales have gone from being ahead of last year's pace, to now falling behind by 14 units (-5.47%).
The next chart covers the trend in the Average Sales price:
Battle Ground Resale Home Sales - Avg Sales Price Trend June 2019
The downward trend for average sales prices continues this month. The action in the Price element is something we'll want to be watching closely.
The final graphs from RMLS for Battle Ground WA show:
Battle Ground Resale Home Sales Inventory & Days on Market June 2019
New Listings and Closed Sales both fell significantly this month; while Pending Sales remained about the same level; resulting in 0.3 months gain in Active Inventory.
This month's Average Closed Sales price was up slightly from the last two months; while the Average Price for New Listings dropped again.
Finally, the Average Days on Market dropped significantly this month, while Median Days on Market remained about the same; with both in the very brisk zone for this time of year.
Thank you for reading this month's home sales report for Battle Ground WA; and we are happy to answer any questions you have!
PS - We Love to List and Sell Homes in Battle Ground! If you are thinking of selling this coming year we'd Love to Help You! The first step is to give us a Call (e-mail or Text is fine as well) and have us prepare a Current Home Valuation at no-cost, no-obligation to learn your home's current value and how the listing and sales process works.
PPS - We also love to help Home Buyers looking at Battle Ground Homes For Sale to purchase. Our website is free to use, and provides several category searches, with property listings from the entire RMLS. Battle Ground WA homes still represent a great value in 2019. When you are ready to take the next step in purchasing a home or property, Give us a Call!
NOTE: Some of the popular Search Pages on our site include: Battle Ground Acreage Real Estate; Battle Ground Luxury Real Estate; Battle Ground One-Level Homes .
The Battle Ground Washington Real Estate informational charts used in this report (prepared by Realtor® John Slocum, our resident statistician) are based on home sales recorded in the Battle Ground 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 Battle Ground WA real estate market.
Disclaimer: as with any real estate statistics, we 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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