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Washougal, WA 98671 - Single Family

This week the median list price for Washougal, WA 98671 is $875,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 99.

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

 

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Median List Price $875,000
Median Price of New Listings $899,000
Per Square Foot $334
Average Days on Market 104
Median Days on Market 42
Price Decreased 40%
Price Increased 5%
Relisted 8%
Inventory 99
Median Rent $2,108
Market Action 32
Slight Buyer's Advantage

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

 



Median List Price

We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.


Segments

 


Price Per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.


Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


Market Action Index

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.


Market Action Segments


Median Days on Market (DOM)

The properties have been on the market for an average of 104 days. Half of the listings have come newly on the market in the past 42 or so days. Watch the 90-day DOM trend for signals of a changing market.


Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

A Realtor that Cares

If you are thinking about buying or selling a property in Washington or Oregon, you need a Realtor that knows the market. You will be my absolute focus. I will work with you every step of the way. First property or moving to your forever home, I will make the process simple, efficient and tailored to your wishes.