The Blog ofWashington First

Washington April 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.

April Residential Highlights

There were 675 new listings in April 2020, a 40.8% decrease from April 2019 (1,140) and a 34.0% decrease from March 2020 (1,022).

 

Pending sales (596) decreased 32.0% from April 2019 (877) and fell 20.5% from March 2020 when 750 offers were accepted.

 

Closed sales, at 536, decreased 20.7% from April 2019 (676) and decreased 13.5% from the 620 closings recorded in March 2020.

 

Average and Median Sale Prices

Comparing 2020 to 2019 through April, the average sale price has increased 7.9% from $396,500 to $419,700. In the same comparison, the median sale price has increased 7.9% from $359,500 to $388,000.