Southwest Washington Market Stats – June 2012

The latest RMLS Market Action report shows real estate activity in Clark County increased in several key measures in June 2012 compared to June 2011.

Accepted offers are up 9.1% over last year and up 3.6% from May 2012. Pending sales numbers showed the most improvement in June.

Average sale price of $208,300 is up 4.8% over last year at this time when it was $218,200 and the median sale price rose 7.9%, going from $180,000 to $194,200.

New listings continue downward, decreasing 17.1% from the same month in 2011 and 9.6% from May of this year. Inventory (the ratio of closed sales to active listings) continues to drop. At the June rate of sales, the active listing count of 2,601 would be exhausted in 5.4 months. This is the lowest inventory in Clark County since June of 2006. Six months of inventory is considered a balanced market.

Southwest Washington real estate market stats June 2012

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Prudential Real Estate Survey: Confidence in the U.S. Housing Market Increases

Slowly but surely, Americans are regaining confidence in the housing market and keeping the American dream of owning a home alive.

The new quarterly Prudential Real Estate Outlook Survey revealed that nearly two-thirds (64%) of respondents had a favorable perception of the U.S. housing market, a 4-point jump from the first-quarter 2012 survey and a 12-point increase from first quarter 2011. As a matter of fact, nearly seven out of 10 Americans surveyed (69%) also indicated that real estate is a good investment – that’s up 6% from first-quarter 2012 survey results and 17% from first quarter  2011.Beautiful cottage home

Homeownership remains at the core of the American dream, with a solid 78% of respondents believing that owning a home is still very important. A full 98% said homeownership was at least somewhat important. In addition to historically low interest rates, one of the factors dominating the desire to own a home is centered on the family. More than financial security, tax benefits and a good investment, respondents prioritized owning a home as a place to raise a family and have control over their space.

Americans are dreaming with both feet on the ground.

Given the challenges and complexity of today’s real estate market, Americans remain cautious about the home-buying process, with 30% strongly agreeing that the housing crisis taught them to assert careful planning when buying or selling a home.

Cautiousness has also brought with it the willingness and openness to seek professional help in the process. A notable 74% of survey respondents think it’s more important than ever to work with a good agent for the best success in buying or selling a home, up from 72% in the first quarter 2012 survey.

View our first quarter 2012 Chairman’s Report for more market insights.

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.


Southwest Washington Market Stats – May 2012

The latest RMLS Market Action report shows real estate activity in Clark County increased in almost all measures in May 2012 compared to May of last year. Only new listings dipped 7.9% when comparing May 2012 to May 2011. At the May rate of sales, the active listing count of 2,710 would be exhausted in 5.7 months. This is the lowest inventory in Clark County since June 2006.

SW Washington real estate stats May 2012

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.


Southwest Washington Market Stats – April 2012

The latest RMLS Market Action report shows the 2,679 active listing count in Clark County would be exhausted in 6.7 months at the April rate of sales. This is a slight uptick from last month and about a month less than inventory in April of 2011.

When comparing the first four months of 2012 to 2011, the results are mixed. New listings are down 16.8%, accepted offers are up 5.3% and closed sales rose 4.2%. The average sale price went from $216,100 to $204,900.SW Washington Market Trends - April 2012

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.


The Chairman’s Report, a Real Estate Update from Bert Waugh, Jr.

The Chairman's Report

 

 

 

 

Portlant Metro RMLS Report: Comparing first quarter of 2012 with the same period in 2011, closed sales increased 12.2%. There were more closed sales in the first three months of 2012 than in any first quarter since 2007. Pending sales were up 18.2% in the quarterly comparison, with new listings decreasing by 12%.

A comparison of first quarter prices this year and last shows average sales price declined less than one-half percent. The average sale price was $251,700 in the first quarter of this year and $252,800 in the comparable period last year. The median sale price decreased 1.4% ($212,000 this year and $215,000 in 2011).

Total days on market decreased by 17.9%  …  click here to read the full report.

 

 

 


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