April brought some cooler real estate activity to Southwest Washington. Closed sales fell 16.5% short of the 697 closings recorded last year in April, and 9.3% short of the 642 closings recorded last month in March 2017.
Pending sales fared similarly, showing a 12.0% decrease compared to April 2016 and a 4.6% decrease when compared to last month in March 2017. New listings fell 11.9% short of April 2016 and 5.0% under March 2017. Inventory rose slightly in Southwest Washington this April, ending at 1.9 months.
Comparing the average price of homes sold in the twelve months ending April 30th of this year with the average price of homes in the twelve months ending April 2016 shows an increase of 9.1%. The same comparison of the median shows an increase of 9.2%.