Total Active Listings* Reported in Market Action: 1,028

Less Listings with Purchase Contingencies*: 44

Readily Purchased Listings: 984

Percent of Total Active Listings: 95.7%

Less New Under Construction (not ready for occupancy): 107

Less New Proposed (not started): 116

Total Readily Purchased & Occupied Listing: 761

Percent of Total Active Listings: 74.0%

Inventory in Months of Readily Purchased & Occupied Listings: 1.4

Source: RMLS™ Regional Multiple Listing Service, Portland Oregon

Clark County, Washington Market Action Addition February 2018

The Clark County, Washington real estate marketplace has some unique characteristics. There is a much higher proportion of active residential listings in Clark County that are Proposed, defined as "not yet under construction", than exists in any other RMLS™ area. This means that there are fewer homes listed as Active that are ready to move into in an immediate timeframe.

The Clark County Association of Realtors®, an RMLS™ shareholder, has asked us to produce some additional statistics each month to delve more deeply into the inventory counts in Clark County. The following summary shows the number of homes available for immediate purchase and occupancy.

* Active Listings reported in Market Action include three statuses (ACT, BMP, SSP). Two of these statuses are defined as listings with accepted offers that are still marketed as active listings due to the type of offer on the property. These are Bumpable Buyer, which is an offer that is contingent on the sale of the buyer's current home, and Short Sale Pending, where an offer has been accepted by the seller but the required third party approvals have not been obtained.

A Publication of RMLS™, The Source for Real Estate Statistics in Your Community

© Copyright RMLS™ 2018. All Rights Reserved.

Residential Review: Southwest Washington February 2018 Reporting PeriodFebruary Residential Highlights

Southwest Washington saw gains across the board this February. Closed sales, at 554, fared 15.4% better than last year in Febuary 2017 (480) and 18.4% better than last month in January 2018 (468). It was the strongest February for closings in the area since 2005, when 567 were recorded.

New listings (761) showed a 13.9% increase compared to February 2017 (668) and even edged four over the 757 new listings offered last month in January 2018 (0.5%).

Pending sales (685) gained 2.5% over February 2017 (668) and 3.6% over January 2018 (661).

Total market time rose to 65 days in February, with inventory decreasing to 1.9 months.Average and Median Sale Prices

Comparing the average price of homes sold in the twelve months ending Feburary 28th of this year ($367,500) with the average price of homes in the twelve months ending February 2017 ($331,700) shows an increase of 10.8%. The same comparison of the median shows an increase of 12.2% over the same period, from $295,000 to $331,000.

New Listings

Pending Sales

ClosedSales

AverageSale Price

MedianSale Price

Total Market

Time

February 761 685 554 377,800 345,000 65

January 757 661 468 369,400 345,000 57

Year-to-date 1,523 1,336 1,040 373,300 345,000 61

February 668 668 480 337,900 300,000 68

Year-to-date 1,303 1,233 991 335,900 300,000 65

February 13.9% 2.5% 15.4% 11.8% 15.0% -4.3%

Prev Mo 2017 0.5% 3.6% 18.4% 2.3% 0.0% 14.0%

Year-to-date 16.9% 8.4% 4.9% 11.1% 15.0% -5.5%

Clark CountyResidential Highlights

2018

2017

Chan

ge

*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month.This number includes proposed and under construction homes.

Inventory in Months*2016 2017 2018

January 2.6 2.2 2.2February 2.7 2.0 1.9March 1.7 1.6April 1.8 1.9May 1.7 1.6June 1.8 1.6July 2.2 1.9August 2.1 1.8September 2.1 2.2October 2.3 2.1November 1.9 2.0December 1.5 1.8

Percent Change of 12-Month Sale Price Compared With The Previous 12 Months

Average Sale Price % Change: +10.8% ($367,500 v. $331,700)Median Sale Price % Change:+12.2% ($331,000 v. $295,000)

For further explanation of this measure, see the second footnote on page 3.

Due to significant differences between the counties in Southwest Washington, the Residential Review on pages 1, 3, 4, and 5 contain Clark County data only. For data on Cowlitz County, see the Area Report on page 2, or the graphs on page 6.

2© Copyright RMLS™ 2018. All Rights Reserved.

AREA REPORT • 2/2018 SW Washington

Act

ive

List

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11 Downtown Vancouver 11 8 3 5 -54.5% 15 344,100 39 23 19 -20.8% 25 341,400 300,000 47 13.3% - - 1 140,000 3 528,300

12 NW Heights 6 21 2 24 20.0% 16 231,700 54 35 41 13.9% 23 236,900 236,000 49 14.2% - - 1 275,000 1 242,500

13 SW Heights 17 10 1 11 22.2% 12 337,400 59 28 22 -4.3% 20 368,000 342,500 71 0.3% - - 2 697,500 - -

14 Lincoln/Hazel Dell 8 6 - 7 -30.0% 8 371,900 62 17 18 -28.0% 19 330,900 318,500 55 3.0% - - - - - -

15 E Hazel Dell 39 49 5 38 -9.5% 33 304,600 46 86 83 -3.5% 74 299,200 301,100 43 9.8% 3 1,755,100 4 208,000 1 490,000

20 NE Heights 17 18 - 20 -13.0% 16 296,100 84 35 39 5.4% 27 310,800 295,000 59 10.8% - - - - 4 322,500

21 Orchards 25 38 4 49 44.1% 25 268,200 39 72 83 27.7% 46 271,300 285,000 40 7.4% - - - - - -

22 Evergreen 58 62 6 44 -27.9% 44 281,400 50 108 92 -17.9% 77 294,300 296,500 48 11.0% - - - - - -

23 E Heights 14 10 2 13 0.0% 14 293,200 63 26 31 24.0% 23 294,200 278,000 54 11.5% - - 1 165,000 - -

24 Cascade Park 29 17 2 11 -54.2% 17 519,500 33 37 27 -30.8% 35 424,500 334,800 33 2.4% - - 2 700,500 1 435,000

25 Five Corners 11 22 4 21 0.0% 12 314,000 33 44 39 8.3% 28 297,300 286,300 33 12.7% - - 1 95,000 - -

26 E Orchards 38 25 2 25 150.0% 16 400,200 46 62 42 61.5% 26 358,100 360,000 62 6.9% - - - - - -

27 Fisher's Landing 15 18 5 14 -30.0% 16 402,500 54 34 34 13.3% 26 392,800 358,000 53 8.6% - - - - - -

31 SE County 17 8 1 5 150.0% 1 369,000 162 10 8 300.0% 2 546,500 546,500 86 21.5% - - 1 227,000 - -

32 Camas City 93 56 11 60 50.0% 38 507,800 119 109 102 24.4% 71 516,400 460,000 94 10.6% - - 12 287,500 2 419,000

33 Washougal 73 47 6 38 8.6% 36 420,900 79 86 79 27.4% 63 421,000 415,000 79 12.1% 1 277,000 5 136,900 3 363,300

41 N Hazel Dell 30 28 3 18 -33.3% 25 325,100 32 50 41 -8.9% 46 330,600 296,500 33 2.0% - - - - 1 605,000

42 S Salmon Creek 43 25 12 23 -41.0% 18 331,100 85 53 46 -33.3% 50 335,800 329,500 59 12.3% - - 1 130,000 1 372,500

43 N Felida 45 21 5 23 -17.9% 32 448,100 90 59 56 19.1% 54 455,100 474,500 66 15.6% - - - - 1 532,000

44 N Salmon Creek 76 50 5 50 127.3% 31 408,100 49 110 84 86.7% 49 419,200 440,000 43 8.1% - - 1 149,500 - -

50 Ridgefield 55 47 8 34 -30.6% 23 400,900 56 84 62 -23.5% 39 407,300 387,900 62 15.9% - - 1 2,900,000 - -

51 W of I-5 County 10 5 - 2 0.0% 2 600,000 89 9 2 -33.3% 3 538,300 550,000 105 15.0% - - - - - -

52 NW E of I-5 County 19 8 0 9 200.0% 7 589,100 109 22 21 250.0% 13 537,000 564,000 99 1.3% - - 6 237,900 - -

61 Battleground 86 57 10 47 23.7% 27 353,900 54 107 89 29.0% 65 350,800 344,000 59 16.4% - - 6 239,800 1 575,000

62 Brush Prairie 155 88 18 69 11.3% 52 434,800 99 177 128 9.4% 97 428,600 409,900 102 9.4% 1 380,000 3 355,000 - -

63 East County - - 0 0 - 0 - - - 0 - 0 - - - 5.8% 0 - 0 - 0 -

64 Central County 3 0 2 3 - 1 399,900 113 2 4 -20.0% 3 418,900 399,900 87 2.7% - - 2 187,500 - -

65 Mid-Central County 10 3 - 2 - 3 623,000 27 8 7 75.0% 7 494,900 448,000 33 27.4% - - 1 135,000 - -

66 Yacolt 9 9 2 10 42.9% 7 374,100 26 14 18 38.5% 16 359,200 294,800 44 16.7% - - 2 250,000 1 300,000

70 La Center 10 4 1 6 -25.0% 7 354,900 67 10 13 44.4% 13 361,600 360,000 100 2.4% - - 1 147,500 - -

71 N Central 4 1 - 4 -42.9% 0 - - 5 6 -33.3% 0 - - - 20.3% 0 - 0 - 0 -

72 NE Corner 2 0 1 0 -100.0% 0 - - 1 0 -100.0% 0 - - - 4.1% 0 - 0 - 0 -

Clark County Total 1,028 761 121 685 2.5% 554 377,800 65 1,523 1,336 8.4% 1,040 373,300 345,000 61 10.8% 5 1,184,500 54 313,600 20 417,700

80 Woodland City 10 11 4 12 50.0% 8 266,300 40 21 24 71.4% 14 270,900 268,500 83 6.8% - - 1 82,500 - -

81 Woodland Area 16 2 1 2 -66.7% 6 320,600 168 7 8 11.5% 7 306,200 315,000 154 -4.6% - - 5 167,000 - -

82 Cowlitz County 109 59 10 62 6.9% 50 243,300 67 116 140 27.3% 97 249,100 230,500 57 5.4% - - 24 76,900 4 367,700

Cowlitz County Total 135 72 15 76 5.6% 64 253,400 73 144 172 29.3% 118 255,100 239,500 66 3.7% - - 30 92,100 4 367,700

87 Pacific County Total 66 18 3 13 30.0% 3 237,800 16 29 18 -25.0% 17 271,100 255,000 121 18.8% 2 152,500 14 43,900 - -

RESIDENTIAL COMMERCIAL LAND MULTIFAMILYCurrent Month Year-To-Date

Avg

. Sal

e P

rice

% C

hang

e2

Year-To-Date Year-To-Date Year-To-Date

3© Copyright RMLS™ 2018. All Rights Reserved.

ACTIVE RESIDENTIAL

LISTINGSCLARK COUNTY, WA

This graph shows

the active residential

listings over the past

three calendar years

in Clark County,

Washington.JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC2016 1,168 1,169 1,158 1,270 1,315 1,450 1,631 1,731 1,653 1,513 1,360 1,1192017 1,085 969 1,039 1,114 1,241 1,357 1,495 1,550 1,615 1,554 1,373 1,1132018 1,018 1,028

800900

1,0001,1001,2001,3001,4001,5001,6001,7001,800

Active Residential Listings

NEW LISTINGS CLARK COUNTY, WAThis graph shows the

new residential listings

over the past three

calendar years in Clark

County, Washington.

200

400

600

800

1,000

1,200

1,400

New Listings

2016 2017 2018

1 Percent change in number of pending sales this year compared to last year. The Current Month section compares February 2018 with February 2017. The Year-To-Date section compares 2018 year-to-date statistics through February with 2017 year-to-date statistics through February.

2 % Change is based on a comparison of the rolling average sale price for the last 12 months (3/1/17-2/28/18) with 12 months before (3/1/16-2/28/17).3 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within

31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.

© Copyright RMLS™ 2018. All Rights Reserved.4

This graph represents

monthly accepted

offers in Clark County,

Washington over the past

three calendar years.

PENDING LISTINGS CLARK COUNTY, WA

This graph shows the

closed sales over the past

five calendar years in Clark

County, Washington.

CLOSED SALES CLARK COUNTY, WA

This graph shows the

average market time for

sales in Clark County,

Washington, over the past

three calendar years.

DAYS ON MARKET CLARK COUNTY, WA

300400500600700800900

1,0001,100

Pending Sales

2016 2017 2018

0

100

200

300

400

500

600

700

800

900

Closed Sales

2014

2015

2016

2017

2018

20

40

60

80

100

120

140

160

Average Total Market Time

2016 TMT 2017 TMT 2018 TMT

© Copyright RMLS™ 2018. All Rights Reserved.5

This graph represents the average and median sale price for all homes sold in

Clark County, WashingtonSALE PRICE

CLARK COUNTY, WA

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

Feb-

08

Aug

-08

Feb-

09

Aug

-09

Feb-

10

Aug

-10

Feb-

11

Aug

-11

Feb-

12

Aug

-12

Feb-

13

Aug

-13

Feb-

14

Aug

-14

Feb-

15

Aug

-15

Feb-

16

Aug

-16

Feb-

17

Aug

-17

Feb-

18

Average and Median Sale Price

Average Sale Price Median Sale Price

This graph represents new

listings in Cowlitz County,

Washington over the past

three calendar years.

NEW LISTINGS COWLITZ COUNTY, WA

20

40

60

80

100

120

140

160

New Listings

2016 2017 2018

© Copyright RMLS™ 2018. All Rights Reserved.6

This graph represents monthly

accepted offers over the past

three calendar years in Cowlitz

County, Washington.

PENDING LISTINGS COWLITZ COUNTY, WA

This graph shows the closed

sales over the past five

calendar years in Cowlitz

County, Washington.

CLOSED SALES COWLITZ COUNTY, WA

10

30

50

70

90

110

130

Pending Sales

2016 2017 2018

0

10

20

30

40

50

60

70

80

90

100

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Closed Sales

2014

2015

2016

2017

2018

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

Nov-

12

Feb-

13

May

-13

Aug-

13

Nov-

13

Feb-

14

May

-14

Aug-

14

Nov-

14

Feb-

15

May

-15

Aug-

15

Nov-

15

Feb-

16

May

-16

Aug-

16

Nov-

16

Feb-

17

May

-17

Aug-

17

Nov-

17

Feb-

18

Average Sale PriceAVERAGE SALE PRICE

COWLITZ COUNTY, WAThis graph represents the

monthly average sale price

for all homes sold in Cowlitz

County, Washington.

$ 325,000

Yamhill County

$ 389,000N Portland

$ 410,000 NEPortland

$ 386,000 SEPortland

$ 336,000GreshamTroutdale

SandyCorbettFairview $ 255,000

Mt. Hood:Zigzag

WelchesRhododendron

WemmeBrightwood

Government Camp

$ 381,900Milwaukie/Gladstone/Boring/ClackamasEstacada

$ 350,000Oregon City

CanbyMolalla

Beavercreek

$ 567,300 Lake Oswego

West Linn

$ 503,800 West Portland

$ 545,000North Washington County

Sauvie Island

$ 377,500Beaverton

Aloha

$ 418,500 Tigard/Tualatin

SherwoodWilsonville

$ 360,000Hillsboro

Forest Grove

$ 290,000Columbia County

$304,500 Heights

$282,500Cent. Vancouver

$315,000Cascade Park

$285,0005 Corners

Orch.

$318,000HazelDell

Minnehaha

$275,900Felida

$440,000Salmon Creek

$432,500Camas/Washougal

$387,300

Brush Prairie

Hockinson

$387,900

Ridge�eld/La Center

$353,300

Battle Ground

N/A

N/NE Clark County$274,500

Woodland

MEDIAN SALE PRICE February 2018

PORTLANDMETRO

© Copyright RMLS™ 2018. All Rights Reserved.

SW WASHINGTON

MULTIPLE LISTING SERVICE

Lori Palmero, Chairwoman of the BoardKurt von Wasmuth, President/CEOTyler Chaudhary, Editor

The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.

Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.

RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.

E-mail subscriptions are available for $45 per year by contacting RMLS™. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.

Contact RMLS™8338 NE Alderwood Rd

Suite 230Portland, OR 97220

(503) 236-7657communications@rmls.com