December home values, sales up from 2012 totals

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Clark County's housing market continued to show year-over-year improvement, with 475 closed sales in December, up 21.8 percent from 390 closed sales in the same month in the previous year, according to RMLS, a Portland-based listing service.

Buyers increased demand, in turn, helped boost values. The median sales price — half sold for more, half for less — for single-family homes sold in December was $223,100, up 5.7 percent from the same month in 2012.

Meanwhile, inventory dwindled to a three-month low in December. For the month, the countywide supply of homes on the market stood at 4.5 months' worth of inventory, which means it would take 4.5 months to sell all the houses if no new listings were added. It was down from a 5.3-month supply in November.