Clark County home sales, prices rise amid shrinking inventory
Wednesday, November 14, 2012
A jump in Clark County home sales in October helped boost values and shrink the inventory of listings for sale to a 4.7-month supply, down from 5.6 months worth in September, according to Portland-based RMLS.
The number, down 5 percent from October 2011, means it would take 4.7 months to sell all of the houses for sale here if no new listings were added. The RMLS reported 487 county homes sold last month, up 13 percent from the previous month and a 22 percent increase over 399 homes sold in October 2011.
October's median sales price — half sold for more, half for less — also increased by 11.3 percent to $198,000, the RMLS reported.
Meanwhile, home foreclosures continued to flat line, according to RealtyTrac Inc.
The California-based data firm reported 229 Clark County homes in some stage of foreclosure in October, a slight increase over 226 in September, but down 18 percent from October 2011.