Below is a summary of the January 2019 SW Washington real estate market data. Feel free to download the entire report, courtesy of RMLS.
January Residential Highlights
Southwest Washington saw the new year in with an uptick in new listings! There were 860 new listings, a 13.6% increase over the 757 offered in January 2018 and over double the 394 offered just last month in December 2018. The prior January with more new listings was in 2010, when 942 new listings were offered.
Closed sales, at 474, showed a 1.3% increase over January 2018 despite falling 9.2% short of the 522 closings recorded last month in December 2018.
At 628, pending sales outpaced December 2018 (483) but fell 5.0% short of the 661 offers accepted in January 2018.
Total market time rose to 72 days in January, with inventory rising to 3.2 months in the same period.
Average and Median Sale Prices
Comparing the average price of homes sold in the twelve months ending January 31st of this year ($395,000) with the average price of homes in the twelve months ending January 2018 ($365,000) shows an increase of 8.2%. The same comparison of the median shows an increase of 7.6% over the same period, from $329,900 to $355,000.
Download the full January 2019 SW Washington Real Estate market data below