In February 2023, there were 461 new listings in Southwest Washington, which is a 45.2% decrease from the 842 listed in February 2022, and a decrease of 13.8% from the 535 listed in January 2023.
500 pending sales last month show a 34.0% decrease from the 758 offers accepted in February 2022, and a decrease of 2.0% from the 510 offers accepted the previous month in January 2023.
Closed sale count of 388 this past February was a decrease of 31.6% from the 567 closings last year in February 2022, and an increase of 22.4% from the 317 closings last month in January 2023.
Inventory decreased to 1.8 months in February 2023. Total market time increased to 72 days, with the average home sale price of $549,600, and a median home sale price of $500,300.
For more information about what this market update means for you and your plans to buy or sell a home in Clark County, Washington, contact our team today!