The Blog ofWashington First

Washington November Market Activity

Below is an excerpt from the Regional Multiple Listing Service’s most recent “Market Action” report that comes out monthly and is e-mailed to all member Realtors. This is data specific to the Southwest Washington Area market.

November Residential Highlights

There were 641 new listings in November 2019, a 12.0% decrease from November 2018 (728) and 20.7% weaker than last month in October 2019 (808).

Pending sales (698) increased 23.8% from November 2018 (564) and fell 7.3% from last month in October 2019 when 753 offers were accepted.

Closed sales, at 681, increased 13.3% from November 2018 (601) and decreased 2.0% from the 695 closings recorded last month in October 2019.

Average and Median Sale Prices

 

Comparing 2019 to 2018 throughNovember, the average sale pricehas increased 3.6% from $392,600 to$406,800. In the same comparison,the median sale price has increased4.2% from $355,000 to $370,000.

Below is a table with data from the RMLS. Note that Appreciation is based on a comparison of the rolling average sale price for the last 12 months with the 12 months prior. Days on Market is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, DOM continues to accrue; however, it does not include the time that it was off the market: