Dec 2018 SW Wa Market Data

December 2018 SW Washington Real Estate Market Data

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

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