Election weather bog down October housing market in Clark County

first_imgClark County’s hot housing market cooled slightly in October, according to a report released Monday by Portland-based listing service RMLS. Prices were slightly higher and the number of homes for sale remains low. Industry analysts say “seasonal cooling” — when fall and winter weather bogs down housing activity — and the elections may have contributed.According to the report, the numbers of houses hitting the market, sales pending and sales closing — gauges of the housing market — all declined from September to October.Listings for new houses for sale fell by 13 percent from September, dropping from 894 to 769 in October. Similarly, pending sales dropped 8.9 percent to 743 total. The number of closings decreased 16 percent, from 771 to 648, the report said.The downswing aligns with sluggishness that is typical in the year’s fourth quarter. Still, while total sales to date this year remain higher than the previous year, October 2015 was a bit stronger than October 2016.last_img

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