The Blog ofWashington First

Washington February 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.

February Residential Highlights

There were 780 new listings in February 2020, a 6.6% increase from February 2019 (732) and 6.0% more than last month in January 2020 (736).

Pending sales (718) increased 13.2% from February 2019 (634) and rose 6.8% from last month January 2020 when 672 offers were accepted.

Closed sales, at 514, increased 0.4% from February 2019 (512) and increased 4.7% from the 491 closings recorded last month in January 2020.

Average and Median Sale Prices

Comparing 2020 to 2019 through February, the average sale price has increased 4.0% from $400,500 to $416,700. In the same comparison, the median sale price has increased 8.2% from $355,900 to $385,000.