Vancouver, WA home prices and housing market

In Vancouver, nearly four in ten homes for sale have already cut their price. If you are thinking about selling this year, that number is your warning shot. Start with values. The typical Vancouver home is worth about four hundred eighty-three thousand dollars, down less than one percent over the past year, so this is not a market in free fall. But look at what sellers are doing. There are roughly one thousand one hundred sixty homes for sale right now, and the median listing sits at about five hundred thirty-nine thousand dollars, roughly fifty-five thousand dollars above what a typical home is actually worth. Buyers are not chasing that gap. Homes are taking about 62 days to sell, and only about 390 new listings came on this month, so the pile is not moving quickly. Here is the turn. With asking prices set that far above real values, sellers are backing down, and nearly four in ten active listings have now cut their price. That is the most honest signal in this market. If you price at or just under what your home is worth, you can still sell well here. If you price where sellers wish the market was, you will likely sit for two months and then cut anyway. To see where your home actually lands today, get a free home value estimate at Home Value Pros dot com.