Clark County home sales gain momentum

By Cami Joner, Columbian retail & real estate reporter

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Clark County home sales continued to rise in April, as increasing numbers of homeowners listed their houses for sale and interested buyers quickly snapped up the inventory, according to a Market Action report released today by Portland-based RMLS.

It reported 529 home sales closed in April, a 14.8 percent increase from the previous month and a 17.9 percent increase over the 400 homes sold in April 2012. April's median sales price of $215,000 — half sold for more, half for less — was up more than 21 percent from an April 2012 median price of $190,000.

The inventory of houses listed for sale contracted to 4 months worth of inventory, down from 4.4 months worth of inventory in March. The number means it would take four months to sell all of the listings if none were added.

In the first four months of 2013, there have been 1,743 closed home sales, up 17.9 percent from 1,478 closed sales in the same period last year.