The Clark County residential housing market cooled in December, keeping with normal seasonal patterns, but it outpaced December 2018 in year-over-year comparisons. That’s according to the latest report from the Regional Multiple Listing Service.
“The Clark County real estate market closed 2019 having had one of its best second halves in recent memory, and a very good year overall,” Mike Lamb, a broker at Windermere Stellar in Vancouver, wrote in his own monthly analysis.
December saw 420 new listings, a 34.5 percent drop from the 641 reported in November, but a 6.6 percent increase from December 2018. Pending sales fared similarly at 530, a 24.1 percent drop from the 698 accepted offers in the previous month but a 9.7 percent jump over the 483 pending sales from December 2018.
“Listing activity slowed in December, which was typical for the season,” Lamb wrote.
Closed sales broke the pattern with a total of 690, a 1.3 percent increase over the 681 reported in November and a 32.2 percent increase over the 522 reported in December 2018.