SW Washington Market Action
June Residential Highlights
This June, sales activity in Clark County was mixed compared to the same time last year, and also when compared to last month, May 2010.
Comparing June 2010 with the same month in 2009, closed sales were up 10% and pending sales decreased 28.4%. New listings also fell by 15.3%. See the residential highlights table above.
When comparing June 2010 with May 2010, closed sales declined 0.9% (528 v. 533), pending sales were down 4.5% (422 v. 442) and new listings increased 11.2% (833 v. 749).
At the month’s rate of sales the 3,575 active residential listings would last approximately 6.8 months.
Sale Prices
Comparing June 2010 to June 2009, average sale price and median sale price saw gains of 2.2% and 3.5%, respectively.
Comparing month-to-month, the average sale price and median sale price also both increased from May levels; the average sale price increased 9.8% ($249,600 v. $227,300) and the median sale price went up 10% ($219,900 v. $200,000).
Second Quarter Report
Comparing the second quarter of 2010 with that of 2009, closed sales grew 35.5% (1,637 v. 1,208), while pending sales were down 4.4% (1,532 v. 1,602) and new listings fell 4% (2,574 v. 2,682).
