Southwest Washington Area

(Vancouver Metro)

With record high inflation and volatile interest rates dominating industry headlines, it’s no surprise buyers paused and adopted a “wait and see approach” to engage the market, which translated into less activity and a slower market throughout the Southwest Washington region.

Days On Market

Average days on market for Southwest Washington recorded significant gains this quarter in many cities, increasing 140% to 48 days in Ridgefield and 115% to 43 days in La Center, but remained flat in Woodland (32 days) and ticked up only 3% in Camas to an average of 32 days. Both Woodland and Camas posted the lowest average days on market for the region.

Average Sales Price

Average sales price was up... and down. In Woodland, average sales price fell 15% from year-ago figures to $479,019. In La Center, average sales price jumped 16% compared with Q4 last year to finish this quarter at $650,647. At $813,649 Camas had the highest average sales price in the region, a 9% rise from year-ago figures.

Closed Transactions

Closed units declined in every city surveyed for this report, falling the least in Longview/Kelso where Q4 2022 closed units (144) missed the mark by 40% compared with the same period last year.