Declining Vancouver WA Home Sales - A Couple of Additional Reasons Why
By John Slocum, Broker, SFR - Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
Nationwide we are seeing reports that the number of Existing Home Sales have Declined for 11th Straight Months; and want to show our readers what we are seeing in the local Vancouver Washington market, and to provide a couple of additional reasons, beyond the massive rise in home loan rates, why we are seeing fewer home sales of late.We have prepared the attached graph that shows the rolling-averages (3-month and 12-month) tracking the existing home sales in Vancouver WA:We can see from the chart the existing sales losing their annual upward momentum around Spring 2022. This is also clearly a strong move to the downside such that the 3-month average never rose above the 12-month line; and ended the year at a point we haven't seen this low in 8 or 9 years!Nationwide the annual decline wa...
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