The Blog ofWashington First

Washington March 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 1,022 new listings in March 2020, a 0.6% decrease from March 2019 (1,028) and 31.0% more than last month in February 2020 (780).

Pending sales (750) decreased 11.3% from March 2019 (846) and rose 4.5% from last month February 2020 when 718 offers were accepted.

Closed sales, at 620, decreased 3.0% from March 2019 (639) and increased 20.6% from the 514 closings recorded last month in February 2020.

Average and Median Sale Prices

Comparing 2020 to 2019 through March, the average sale price has increased 5.5% from $398,800 to $420,800. In the same comparison, the median sale price has increased 8.2% from $359,000 to $388,400.