Below is a summary of the June 2019 SW Washington real estate market data. Feel free to download the entire report, courtesy of RMLS.
June Residential Highlights
June brought some cooler numbers to Southwest Washington, with closed sales eking out the sole gain. There were 796 closings, exactly matching June 2018 but outpacing May 2019 by one closed sale (0.1%).
Pending sales, at 881, fell 1.0% short of June 2018 (890) and 2.5% from May 2019 (904).
New listings, at 1,102, decreaased 10.6% from the 1,232 new listings offered last year in June 2018 and 13.4% from the 1,272 offered last month in May 2019.
Total market time decreased by one day in June to end at 48 days. During the same period, inventory rose slightly to 2.4 months.
Year to Date Summary
Activity is mixed in 2019 compared with 2018. New listings (6,200) are up 1.4%, while pending sales (4,644) are steady, and closed sales (4,013) are down 3.1%.
Average and Median Sale Prices
Comparing 2019 to 2018 through June, the average sale price has increased 3.5% from $387,300 to $400,900. In the same comparison, the median sale price has increased 4.0% from $351,000 to $365,000.
Download the full June 2019 SW Washington Real Estate market data below