Vancouver, WA Housing Update – February 2017

Closed sales made some gains this year compared to last in Southwest Washington. Closings ended 10.6% ahead of the 434 closings recorded last year in February 2016, although this was also a 2.4% decrease from last month in January 2017.

Pending sales pushed 14.0% ahead of the 586 offers accepted last month in January 2017 but fell 8.6% short of the 731 offers accepted last year in February 2016.

Similarly, new listings increased 6.4% over January 2017 but fell 19.7% short of the 832 new listings offered last year in February 2016.

Comparing the average price of homes sold in the twelve months ending February 28th of this year ($331,800) with the average price of homes in the twelve months ending February 2016 ($301,500)
shows an increase of 10.0%. The same comparison of the median shows an increase of 9.7% over that same period.

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