For those of you that LOVE data, enjoy! Here are some SW Washington Real Estate market data. Below is a summary. Feel free to download the entire report, courtesy of RMLS.
December Residential Highlights
Southwest Washington ended the year with some cooling. Pending sales (483) fell 2.4% short of the 495 offers accepted in December 2017 and 14.4% short of the 564 offers accepted last month in November 2018.
New listings (394) fared similarly, decreasing 4.4% from December 2017 (412) and 45.9% from November 2018 (728).
Closed sales, at 522, had a 17.3% decrease compared with December 2017 and a 13.1% decrease compared with last month’s 601 closings in November 2018.
Inventory remained unchanged in December at 2.9 months, and total market time rose by a week to end at 59 days.
Year to Date Summary
Activity was mixed in 2018 compared to 2017. New listings (11,364) increased 5.4%. Closed sales (8,538) and pending sales (8,521) both decreased 2.7%.
Average and Median Sale Prices
Comparing the entirety of 2018 to 2017, the average sale price rose 8.2% from $363,200 to $393,000. In the same comparison, the median sale price has risen 8.7% from $326,500 to $355,000.
Download the full December 2018 SW Washington Real Estate market data below