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Clark County Real Estate Market Update for September 2023

Clark County Real Estate Market Update for September 2023
Clark County Real Estate Market Update for September 2023

In September 2023, there were 631 new listings in Southwest Washington, which is a 15.5% decrease from the 747 listed in September 2022, and a decrease of 11.9% from the 716 listed in August 2023.

445 pending sales last month show a 21.1% decrease from the 564 offers accepted in September 2022, and a decrease of 19.2% from the 551 offers accepted the previous month in August 2023.

Closed sale count of 476 this past September was a decrease of 20.1% from the 596 closings last year in September 2022, and a decrease of 20.1% from the 596 closings last month in August 2023.

Inventory increased to 2.5 months in September 2023. Total market time also increased to 38 days, with the average home sale price of $586,700, and a median home sale price of $525,600.


Real Estate Broker Josh Dannenmann offered valuable insights into these statistics and their implications for both existing homeowners and prospective buyers. 

“For people who have owned their homes for a while, this is a great time to cash in on the equity that has been built up. That money can be used for a bigger down payment on the next place or invested elsewhere. With the current shortage of available homes, sellers aren’t facing much competition when selling.

I’m often asked if now is a good time to buy, and the answer is absolutely “YES!” Even with interest rates being higher than we’ve experienced in recent years and with home prices rising, it’s important to remember that rents are also rising. When you buy a home, you are locking in your monthly housing costs, keeping in mind there will be opportunities to refinance down the road when rates begin to decline. Renters, on the other hand, are at the mercy of landlords and the market and have little to no control over the cost.”

For more information or to discuss your plans to buy or sell a home in Clark County, Washington, contact our team today!

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Our agents write often to give you the latest insights on owning a home or property in the Vancouver WA & Portland OR area.

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Josh Dannenmann and the whole team at Cano Real Estate were excellent. Josh helped us buy our home with minimal stress, speed and expertise. He did such a great job, we contacted him once again to help us sell our home. Josh and the rest of the team were caring, responsive and extremely involved. He went above and beyond and exceeded every expectation. I highly recommend Josh and Cano Real Estate.
Kirt & Paula H.