July 2019 SW Washington Market Data Report

July 2019 SW Washington Real Estate Market Data

Below is a summary of the July 2019 SW Washington real estate market data.  Feel free to download the entire report, courtesy of RMLS.

July Residential Highlights

Southwest Washington had sunny numbers across the board this July. Pending sales (924) rose 11.5% compared with July 2018 when 829 offers were accepted and 4.9% compared with last month in June 2019 when 881 offers were accepted. It was the strongest July for pendings since 2005, when 976 accepted offers were recorded!

Closed sales (831) rose 5.3% from July 2018 (789) and 4.4% from June 2019 (796) – the strongest July since 2015 when 820 were recorded.

New listings, at 1,160, edged 1.1% ahead of July 2018 (1,147) and increased 5.3% over June 2019 (1,102).

Inventory in July held steady at 2.4 months.

Year to Date Summary

Activity is mixed in 2019 compared with 2018. Pending sales (5,536) are up 1.8% and new listings (7,379) are up 1.4%, while closed sales (4,881) are down 1.9%.

Average and Median Sale Prices

Comparing 2019 to 2018 through July, the average sale price has increased 3.1% from $390,700 to $403,000. In the same comparison, the median sale price has increased 3.9% from $352,400 to $366,300.

Download the full July 2019 SW Washington Real Estate market data below

June 2019 SW Washington Market Data