A Shift Toward Stability in Clark County
After several years of fluctuating movement, the local housing market appears to have shifted into a slower and more balanced rhythm. Both inventory and time on the market have been climbing since last summer, giving buyers more breathing room and options to choose from.
According to the recent RMLS report in August, homes in Clark County are now spending an average of 62 days on the market compared with 46 days in August 2024. That increase may sound dramatic, but historically it reflects a healthy, sustainable pace. New pending sales also ticked up slightly, with 595 in August compared to 557 a year ago.
This moderation follows two years of higher interest rates that cooled activity across most price points. The average 30-year fixed mortgage rate recently dropped to about 6.35 percent, the lowest level in nearly a year and a full point below the peak of 7.79 percent in 2023. As rates ease, more buyers are beginning to re-enter the market, although total sales remain lower than the record highs of the past decade.
The median home price in Clark County held steady in August at around $549,700, well above the $380,000 median recorded in 2019. Nearly half of sellers have adjusted their listing prices to align with current demand, showing that the market is moving toward greater balance. Analysts do not expect major price drops but anticipate steady, stable conditions through the fall.
Inventory has also improved, reaching 3.6 months of supply across Southwest Washington. That is the highest level since late 2023 and a welcome change from the tight conditions of recent years. With more homes available, buyers have time to compare options and make decisions with confidence. Sellers are also seeing more showings and inquiries as activity gradually picks up.
While overall market growth has flattened compared to past years, this return to a calmer pace is creating opportunity. Families making moves today often do so out of genuine necessity, whether to upsize, relocate or adapt to lifestyle changes. For many, that means fewer bidding wars and a more predictable experience on both sides of the transaction.
For buyers, this shift offers greater choice and a chance to negotiate more favorable terms. For sellers, strategic pricing, professional preparation and standout marketing remain key to success. As rates continue to soften and inventory improves, the market is finding a new equilibrium that rewards both patience and preparation.
If you are thinking about buying or selling, now is the time to plan your next step! I can help you evaluate current conditions, identify smart opportunities and position your home or purchase for success. Reach out anytime and let’s discuss how to make your next move a confident one!
