Walla Walla Real Estate Update – November 2019

Home sales remained active in November.  With one month left to report, the Walla Walla valley’s 4th quarter’s home sales surged 16% ahead of last year’s 4th quarter and year-to-date home sales have now pulled within 1.5% of last years pace.

 

Low interest rates and a slight annual increase in listings kept buyers active.  November became the sixth month in a row to experience year-over-year gains in the number of homes available for sale.  There were 6% more homes available for sale than in November of last year.  However, most of Walla Walla’s market continued to be a seller’s market and applied upward pressure on prices.  Year to date, Walla Walla’s median sales price has increased by 7% over the previous year.

 

The number of pending sales – homes under contract but not yet closed – remained the same as the previous month as new contract signings during November kept pace with the number of homes that closed.  The number of pending sales indicates that year-end activity will remain quite brisk.

 

November’s Listings: 251*

Monthly listings dropped 12% from the previous month but remained 6% above the number of homes that were listed for sale in November of last year.

 

November’s Closed Home Sales: 76*

Closings slowed 10% from the previous month but were 17% higher than the number of closed home sales in November of last year.

 

November’s Median Sales Price: $275,000*

The month’s median price increased slightly over the previous month but was 6% higher than the median sales price for November of last year.

 

Click here for a FULL REPORT FOR NOVEMBER

 

*WWMLS WA Data

Posted on December 12, 2019 at 10:47 AM
Firm - Windermere Walla Walla | Category: Market Trends

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