In May 2023, there were 864 new listings in Southwest Washington, which is a 26.1% decrease from the 1,169 listed in May 2022, and an increase of 39.6% from the 619 listed in April 2023.
601 pending sales last month show a 31.1% decrease from the 872 offers accepted in May 2022, and a decrease of 1.0% from the 607 offers accepted the previous month in April 2023.
Closed sale count of 539 this past May was a decrease of 31.9% from the 792 closings last year in May 2022, and a decrease of 15.7% from the 466 closings last month in April 2023.
Inventory increased to 1.7 months in May 2023. Total market time decreased to 39 days, with the average home sale price of $587,100, and a median home sale price of $545,000.
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!