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This year’s Q2 housing market update for Clark County is in! Stay informed and ahead of the curve as we unveil the most up-to-date trends, data, and insights that shape the area’s real estate landscape.
The housing market is always changing, and it can be tough to keep up with the latest trends. If you’re curious about what’s happening in Clark County, then you’ll want to read this blog post.
2022 was a year of sustained, yet slowed growth for the Clark County housing market. As 2023 unfolds, many are wondering if we’ll see a continued rise in prices, a small dip, or an all-out crash. Here are our best predictions for what this year has in store.
As the housing market continues to trend away from benefiting sellers, the shift to a buyer’s market isn’t quite upon us yet. Data collected for the Clark County housing market from Q4 shows that rising interest rates have had a marked effect on buyer demand for homes.
As the housing market in Vancouver continues to balance out, Q3 showed an adjustment in median sold prices and overall sales volume. Demand for homes will likely stabilize as rising inflation and interest rates price some potential buyers out of the market. That said, the market in Q3 showed many signs of returning to normalcy.
Vancouver’s housing market saw significant growth in the second quarter of 2022 but will it sustain over the year? An onset of new market trends, rising home prices, and mortgage rates have led many people to ask that question. The housing market in Vancouver, Washington is slowly inching towards stability which was recently shaken by the Covid pandemic. To understand what this means for sellers and buyers, let’s take a deeper dive into Vancouver’s housing market.
While this time of the year tends to be somewhat slower when it comes to real estate, the Vancouver metro area has continued its upward trend through the first quarter. Since it’s still a seller’s market, this has had a considerable impact on the number of homes available to potential buyers.
Will the housing market in Vancouver continue to grow in 2022? If so, how much more growth can be sustained before another housing market bubble bursts? How far will interest rates rise over the year and how will we deal with a historic shortage of housing stock?
The numbers for the housing market in Vancouver showed growth in the fourth quarter, much as they have throughout the year. Homes are commanding higher sales prices—even as the number of sales dipped and the median days on the market increased.