Real Estate Law

Strong November Real Estate Sales in Clark County Finish Out an Exceptional Autumn

By December 20, 2019 April 23rd, 2020 No Comments

Strong November Real Estate Sales in Clark County Finish Out an Exceptional Autumn

After apparently cooling off for a bit in 2018, the Clark County and Vancouver real estate markets look prepared to finish out 2019 on a serious hot streak. Along with this year’s unusually nice fall weather, nearly all home real estate sale metrics are up across the board compared to last November, according to a recent report by The Columbian. Keep reading to find out by just how much.

More Sales, Higher Prices, Fewer Listings

Simply put, this November’s real estate numbers were strong and all indications suggest that the trend is going to continue through December and into the new year. Compared to November 2018, which had 564 pending sales at a median price of $344,900, this November saw large gains on both fronts: 698 pending sales and a median price of $384,500. These numbers represented a slight decrease in the number of sales from October―a normal occurence for this time of year―but a slight increase in the median home price.

The number of new listings decreased slightly compared to both this October and November 2018, however: 641 compared to 808 and 728, respectively. Still, the reduced inventory is likely to drive prices up even further as we move toward 2020.

Talk to an Experienced Vancouver Real Estate Lawyer

If you’re thinking about selling, buying, or building in Clark County, John L. Davis PLLC has the knowledge and experience to help you accomplish your goals. John has been serving Vancouver clients for over 20 years and will work closely with you to ensure that your real estate investments have strong legal foundations that are built to last, no matter what the future holds. Call John L. Davis today at (360) 558-3467 to schedule a consultation with a skilled real estate lawyer.