Market Conditions

Clark County Housing Market Update and the Secret to Free Nutritious Eggs Buyer Activity: As you have heard me say before, changes in buyer activity levels will be the first clue of a change in the market. If buyer activity begins to fall off for 2 weeks or more then we have a seriously changing market (assuming a normal […]

Clark County Housing Market Update and BUGS December2018 Buyer Activity:  It appears agents are pretty much finished with changing out lockboxes so we can return to using this data. Lockboxes in December were opened at about the same pace as this time last year. This suggests that buyer activity is remaining steady as compared to last

Clark County Housing Market Update November 2018 Home and Land Market News   Buyer Activity:  We have been using the reporting of lockbox openings as an indicator of buyer activity levels. However, new replacement lockboxes for agents were issued this month. This statistic will not be helpful for the next several weeks as agents change

Clark County Housing Market Update October 2018 Home and Land Market News Buyer Activity: The number of lockbox openings during the week ending October 7 is trending downward only slightly. This is totally normal for this time of year.  This suggests that a major correction is not yet upon us. Dropping buyer activity could be an

Clark County Market Update August 2018 Growing Signs Of Changing Times Current Market Conditions The past two months I have reported a gentle trend toward changing market conditions. This month the trend continues. Inventory levels rose in July to 2.3 from 2.1 in June. In fact inventory levels have been rising for the past 4 months

Clark County Market Update Signs of a Market Change June 2018 Current Market Conditions On the surface, the market seems to be rolling along as it has been the past year plus. Home prices continue to rise rapidly and buyers are struggling to get the home they want because of stiff competition. Inventory levels remain

Clark County RE Market Update May 2018 Home Values are Surging Since January Will the End Come with a Warning? Current Market Conditions Inventory levels remain very near the lowest they have been since 2006 and buyer activity levels, as measured by Lockbox openings, continue to move steadily higher. In fact, buyer activity has increased

Clark County Real Estate Update January 2018 The real estate market in clark County continued to strengthen as inventories fell from 2.0 to 1.8 months. Inventories do typically fall during the holidays as sellers avoid the related inconveniences of selling during the holidays. Buyers also take a break looking and typically return to the table

Clark County Real Estate Update June 2017 Market Performance: (Based on April RMLS Stats) The current Clark County housing market is a strong seller’s market. Inventory levels  in May (1.6 months) tightened slightly from April (1.9). There were reports on local news radio that the Portland housing market was stalling but I see no indicators