Residential Review:
Clark County, Washington
March 2008 Reporting Period

Due to significant differences between the counties in the Southwest Washington region, the Area Report provides summary information for each county. The Residential Review on page 6 contains Clark County data only.

March Residential Highlights
A look at March 2008 compared with March 2007 shows that new listings decreased 14.6%. Closed sales were down 29.2% and accepted offers dropped 33.5%. On the other hand, the 4,518 active residential properties would last 11.9 months at March’s rate of sales, down from 14.6 in February.

First Quarter/Year-to-Date
When comparing market activity for January-March 2008 with the same period in 2007, new listings fell 4.6% (3,562 v. 3,733). Closed sales also dropped 31% (944 v. 1,369) and pending sales decreased 28.8% (1,284 v. 1,803).

Appreciation
Comparing the prices for the 12 months ending in March 2008 with those of the 12 immediately prior, average sale price appreciated 0.2% ($303,900 v. $303,300). Conversely, the median sale price decreased a slight 1% ($260,000 v. $262,500).