The Clark County Washington Market continues to heat up, although at a lower, Recovering Level, that what has been seen in recently for this time of year.
RMLS produces the graphic below that highlights most of the key metrics driving our local market:
From this information, we see that except for Total Market Time and Inventory in Months; all the numbers are Higher than in the past few months.
Market time has dropped quite a bit; and Inventory is lower as well.
When we exclude New Construction; only looking at Existing / Resale Homes; we find Total Market Time below 40 days, with Median days coming in at 8 to 9 Days!
Active Inventory is also lower for Resale homes at 1.1 months.
Thus, if you are a current home owner in Clark County thinking of selling, the buyer interest is strong, and there are not too many other sellers out there at this time to compete with!
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