Below is a summary of the March 2019 SW Washington real estate market data. Feel free to download the entire report, courtesy of RMLS.
March Residential Highlights
New listings and pending sales had a strong month this March in the Southwest Washington region! There were 1,028 new listings, a 3.9% increase over March 2019 (989) and a 40.4% increase over February 2018 (732). This was the strongest March for new listings in the area since 2008, when 1,212 were brought to market!
Pending sales (846) rose 1.7% over March 2018 (832) and 33.4% over February 2019 (634). The prior March with more accepted offers was in 2016, when 874 were recorded.
Closed sales, at 639, fell 4.8% short of March 2018 (671) but still warmed 24.8% compared with last month in February 2019 when 512 closings were recorded.
Average and Median Sale Prices
Comparing the average price of homes sold in the twelve months ending March 31st of this year ($396,700) with the average price of homes in the twelve months ending March 2018 ($370,500) shows an increase of 7.1%. The same comparison of the median shows an increase of 7.1% over the same period, from $334,900 to $358,700.
Download the full March 2019 SW Washington Real Estate market data below