The housing market in Cowlitz County continued to see a rise in out there listings in August, however the tempo of change is slowing.
A report launched Thursday by the Northwest A number of Listings Service offered a month-to-month snapshot of how the housing market seems to be in Cowlitz and counties throughout Washington.
There have been 241 energetic listings for houses in Cowlitz County in August, greater than twice as many listings because the county noticed this time final yr. However that is solely a slight enhance from July, when the county reported 237 energetic listings.
The native enhance is according to statewide traits over the previous yr, in response to the report, which confirmed the energetic listings statewide nearly doubling between August 2021 and final month.
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An identical development appeared within the housing stock, which measures how lengthy it could take to promote each at the moment listed dwelling. The depth of stock in Cowlitz County has stayed round 1.8 months for each July and August, the most important depth the county has seen in a minimum of two years.
The rise in stock might have helped stabilize dwelling costs within the brief time period. The common sale value for houses in Cowlitz County was $402,000 in each August 2021 and final month, in response to the A number of Listings Service.
The median dwelling sale final month was $376,000, up round $10,000 from the identical time final yr.
There have been comparable ends in the info from Pacific Northwest Realty Group, an company that focuses particularly on southwest Washington. Weekly updates offered by the company present the variety of common new dwelling listings greater than doubled between April and August.
Residence gross sales costs, in the meantime, have remained largely unchanged over the identical span.
Washington actual property specialists instructed the Northwest A number of Itemizing Service that the rise in stock would possible drop over the subsequent few months, as summer time is traditionally a peak in housing gross sales and demand.
