Vancouver, WA Housing Update – May 2017

Southwest Washington saw gains across the board in May 2017, with new listings leading the way. New listings ended 7.0% higher than last year in May 2016 and 27.8% higher than last month in April 2017. The last May when more new listings were offered was in 2008, when 1,312 were recorded for the month.

Pending sales increased 3.7% over May 2016 and 23.9% over April 2017. Closed sales edged 0.8% ahead of May 2016 and 32.0% ahead of April 2017.

Comparing 2017 to 2016 through May of each year, the average sale price rose 9.4% from $318,800 to $348,800. In the same comparison, the median sale price rose 12.5% from $280,000 to $315,000.

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