Vancouver Wa Real Estate - Elite Realty NW

Residential Highlights for June

 According to RMLS Market Action Report, June's sales numbers indicate a 33.9% decrease in closed sales when comparing this year to June 2007. Pending sales have also dropped 36.8%. Surprisingly, new listings dropped 13.7%. At the month's rate of sales, the current listings (approx. 5276) would last on the market about 12.6 months. That number remains the same as May 2008.

 Second Quarter

The activity in the 2^nd quarter shows a 33% decrease in pending sales (1,342 vs 2,004) when compared to the 2^nd quarter of 2007. Closed sales also dropped by 32.6%. New listings for the month were down 10.3%.

 12 Month Sales price Change

When comparing the rolling 12 month sales prices with those for the 12 months immediately prior, we see that the average sales price decrease from $306,600 to $295,600 (3.6%) and the median price fell from $264,900 to $255,000. (3.7%)