Cowlitz County Real Estate Market Update June 2019
The Cowlitz County real estate market continues its upward trend despite low inventory for the month of June. Sellers continue to be rewarded with quick offers, higher sale prices, and in some instances, multiple offers while buyers are facing limited inventory and stiff competition.
Cowlitz County Median Sales Price
The median sales price in Cowlitz County for June was $282,000 for single-family residential homes, $100,000 for vacant land purchases, and there were no condominium sales this month.
Cowlitz County Median Sales Price June 2019
Cowlitz County Pending Sales
Pending sales remained reasonably stable year over year for residential real estate listings, condominiums, and vacant land. In June, there were 135 residential, two condominiums, and 20 vacant land pending sales in the MLS.
Cowlitz County Pending Sales June 2019
Cowlitz County Closed Sales
The total number of closed real estate transactions in Cowlitz County was down across the board, which coincides with low inventory. There were 112 residential, no condominium, and 19 vacant land closings. This reflects a decrease of 22.2% in residential sales compared to the same month last year.
Cowlitz County Closed Sales June 2019
Cowlitz County New Real Estate Listings
Real estate inventory throughout Cowlitz County remains low as we saw another noticeable decrease year over year. In June, there were 162 residential, two condominiums, and 22 vacant land listings added during the month. This represents a 16.9% decrease in residential listings compared to June 2018.
Cowlitz County New Listings June 2019
Property values throughout the county continue their upward trend sparked by low inventory, low-interest rates, and strong buyer demand. If you're thinking about selling your home or property, now is the time. Summer is here, and we're entering the height of the real estate buying and selling season.
If you're looking to purchase a new home or property in the current market, we strongly advise you to create a free Property Tracker account and save your search. When you do, we'll automatically notify you when a new listing hits the market that matches your criteria.