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Units-Sold Picks Up Modestly With No Change in Prices for Battle Ground WA in May 2020
With the economic restrictions slowly being eased, unit-sales of homes improved slightly over last month but, still well below last year's level. Prices held steady, and below the recent high. Here are the highlights for this month's report:
- The 3-Month Moving Average Sales Price change by just a few dollars and is now $433,308 which is 9.17% higher than last year; with the 12-Month Moving Average now at $422,878 or, 0.79% compared to last year.
- The Inventory level for Resale Homes Fell again to 1.1 Months (Down 0.2).
- Approximately 45 Pre-owned Homes closed, compared to 61 Sold in 2019; a decrease of 16 homes (-26.23%).
- REO/Bank Owned property sales were 0 units (0% of total); no change from 0 (0%) for the same month in 2019.
- Short Sale /Pre-Foreclosure property sales were 0 units (0% of total); compared to 0 (0%) in May 2019.
The Average Sales Price for Battle Ground moved about $300 down to $433,308 this month; and now leads Vancouver's price-level by $48,093 (down a few hundred-dollars from last month).
I have prepared a custom chart to show trends for Average Number of Pre-owned Homes Sold; with the short term (3-months-trend shown in red) and long term (12-months - blue) trend-line:
Battle Ground Resale Home Sales -
Units Sold Trend May 2020
The short term trend-line is now moving at a strong pace; with the long-term trend halting its downward move, and is actually pointing upwards now. We are in times of uncertain direction of State economic regulations thus, there may be little predictability in the current trends we think we see.
I have also prepared the next chart which covers the Average Sales price trend:
Battle Ground Resale Home Sales -
Avg Sales Price Trend May 2020
This month the trend line for the short-term has halted its recent decline and only moved by a few hundred dollars; while the long-term trend is still moving moderately upwards. With such a low level of inventory it is easy to see that long-term support for rising prices still exists
Finally, these remaining graphs are from RMLS for Battle Ground WA and show:
Battle Ground Resale Home Sales Inventory
& Days on Market May 2020
New Listings and Pending Sales both returned to the seasonal positive upswing; and Closed Sales also rose although well be low last year's level. With insufficient new listings for this area, the combined result was to see Active Inventory fall by again 0.2 month's worth.
The Average Price for New Listings rose considerably this month; while the Closed sales prices were about the same as last month.
Finally, both Average Days on Market and Median Days decreased by a few days. With inventory shrinking and strong demand these measurements will remain in the Seller's Market zone.
Thank you for visiting our homes for sale report for Battle Ground Washington. We are glad to answer any questions you have on this market!
PS - We Love to List and Sell Homes in Battle Ground! If you are thinking of selling Give us a Shout out! The first step is to give us a Call (e-mail or Text is fine as well) and have us prepare a Current Battle Ground WA Home Valuation at no-cost, no-obligation to learn your property's current value and how the listing and sales process works.
PPS - We also love to help Property Buyers looking at Battle Ground WA Homes For Sale . Our website is free to use, and provides several category searches, with property listings from the entire RMLS. Battle Ground WA properties still represent a great value in 2020. 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 Homes; Battle Ground Luxury Homes; Battle Ground One-Level Homes .
The Battle Ground Washington Home Sales 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.