Southwest Washington saw gains in closed and pending sales this August. Closed sales edged 2.2% higher than the 831 closings recorded last year in August 2016 and outpaced the 772 closings recorded last month in July 2017 by 10.0%. This is the best August for closings in the area since 2005, when 932 were recorded.
Pending sales ended 1.5% ahead of August 2016 and 2.2% ahead of July 2017. This was the strongest August since 2005, when 1,052 offers were accepted.
Comparing 2017 to 2016 through August of each year, the average sale price rose 10.9% from $323,800 to $359,000. In the same comparison, the median sale price rose 13.0% from $287,500 to $324,900.