Clark County home sales hold steady, values increase in July

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Clark County home sales held steady in July, compared with the previous month, and demand for a tightening inventory of homes for sale also raised prices, according to a Portland-based listing service.

Clark County's median sales price was $198,700 in July for houses sold by licensed real estate agents, according to RMLS. The median price — half sold for more, half for less — was 2.3 percent higher than June's median of $194,200. It was up 8.4 percent from July 2011, when the median price was $183,300.

Sales closed in July grew 11.2 percent from the same month last year. However, July's 668 closed sales nudged down 1.5 percent from 678 closed sales in June. The supply of listings in July remained unchanged from June at 5.4 months worth of inventory, but declined 26 percent from a 7.3-month supply in July 2011.