Southwest Washington

(Vancouver Metro Area)

While inventory in Southwest Washington increased to 1.8 months in June, an imbalance of supply to demand persists, resulting is stable average prices.

Days On Market

Average days on market jumped 107% from year-ago figures to 31 days this quarter. In La Center, average days on market was up 455% from Q2 last year to end this quarter at 61 days, which was the highest average dayson-market recorded for the region. At 25 days, Camas posted the lowest average days-on-market, though days on market still increased 39% from the previous year.

Average Sales Price

Average sales price remained relatively unchanged, falling a modest 1% compared with Q2 2022 to end the quarter at $595,361. In Southwest Washington, average sales price was down in all but two sub-markets surveyed for this report – Longview/Kelso and Vancouver. Camas posted the highest average at $810,061, which is a drop of 6% from year-ago figures.

CLOSED TRANSACTIONS & PENDING SALES

In Southwest Washington, closed transactions declined 35% from the same time last year, ending Q2 2023 at 1,627. Closed units were down across the region, though fell the least on a year-over-year percentage basis in Woodland, where 41 units closed represented an 18% drop from yearago figures. Pending sales (1,778) declined 21% from this time last year.

NEW LISTINGS & ACTIVE LISTINGS

New listings (2,339) missed the mark by 30% compared with year-ago figures; active listings in Southwest Washington (3,128) decreased 18% from this time last year.