Vancouver WA Real Estate Market Update April 2023
By John Slocum, Broker, SFR - Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
In our updates we like to show brief graphics that help us understand the trends; where we've been, and the direction we are currently going. The first graph shows the 3-month rolling average of Pending Sales for existing homes in Vancouver WA:When reviewing the above year-by-year trend-lines, remember that most of 2020, all of 2021 and part of 2022 received an Overly amount of financial stimulation from the Federal Reserve. Clearly the first four months of 2023 are far below the sales activity we've seen in each of the previous five years.Our next chart goes back to the year 2009, and shows both the 3-month and 12-month rolling average trend for CLOSED Unit Sales:This longer-term chart is showing what has actually Closed (not all Pending sales actually close). We see that the seasonal ...