Real Estate Market Report - Vancouver, WA (Nov, 2023)

The median sale/list price for the first set of data ranges from $465,000 in November 2022 to $499,000 in October 2023, with a peak of $524,900 in July 2023. The second set of data shows a lower median sale/list price, ranging from $446,800 in December 2022 to $502,650 in July 2023, with a peak of $494,900 in May 2023.

The median sale price per square foot shows a clear upward trend from November 2022 to March 2023, peaking at 278.835 in March before dipping slightly in April and May. However, it then spikes again in July to reach 293.949, then drops again slightly in August and September before plateauing around 288.96 in October.

The median sale price to list price ratio is expected to be consistently at or very close to 1.0 for the next year, indicating that the median sale price of homes is likely to match or exceed the list price. This suggests a strong seller's market with high demand and potentially limited supply.

The first set of data shows the number of properties sold/listed increasing steadily from November 2022 to May 2023, with the highest count being 599 in June 2023, before gradually decreasing in the following months. The second set of data shows a slightly different trend, with a peak in December 2022 and a dip in January 2023, before gradually increasing and then decreasing towards the end of the period. Overall, there seems to be a healthy level of activity in the property market over this time period.

The median days on the market for homes is expected to decrease over the next few months, reaching a low of 35 days in May 2023, before increasing slightly in the summer and fall. However, even in October 2023, the median days on the market is still projected to be below 50 days.