The latest RMLS Market Action report for Clark County, Washington shows an increase in average sale price of 5.6% from August to September of 2011, with the average price at $218,700. Closed sales fell 6.8% and new listings decreased 11.9%. Comparing the third quarter of 2011 with the same period in 2010, closed sales rose by 34.9%, pending sales were up 33% and new listings were down 10.4%. Based on September’s rate of sales, the 2,995 active listings would last about 6.8 months. The average time on market stands at 138 days, which is about the same as this time last year.
In Cowlitz County, 39 new listings hit the market in September and the average sale price came in at $165,900, with an average market time of 133 days.