RMLS Market Action Report - SW Washington

 Inventory across the area dropped to 6.4 months, the lowest level since September 2006.  Closed sales in March grew 5.6% over March 2011, although pending sales dropped slightly.  New listings dropped 17.6% from last March, which played a role in the  decrease in inventory. 

Prices continued to slide.  In the first quarter of 2012, average sales price dropped 8.1% while median price dropped 9.7% compared with first quarter 2011. 

Want to see what's happening in your neighborhood?  See active/pending/sold listings in your area, plus market stats for your part of Vancouver with a Free Market Neighborhood Market!  Customized for your neighborhood and delivered to your inbox in under thirty minutes.