November 12th, 2013
Home sales have surpassed the 500 mark in the Walla Walla Valley for the first time in 5 years. At the end of October closed sales were 25% ahead of last year during the same period. Inventory remained balanced at the 6 month level and prices have seen modest gains. We have now experienced 24 months of sustained market improvements and are poised to end 2013 on a positive note. This has been a good year for real estate in the Walla Walla Valley.
October Listings: 426*
Listings dropped 5% from the previous month and ended the month at essentially the same level as a year ago. Walla Walla and College Place had 5.74 months of inventory.
October Closings: 54*
October saw a 17% closing gain over the previous month. Through October there have been 103 more sales than during the same period last year.
October Median Price: $171,178*
Our median price had a monthly decline as fewer high end homes closed. However, on the year, our year to date median sales price of $186,192 was 8% over last year.
Click here for October 2013 WW Charts
*WWMLS WA Data
October 4th, 2013
During the month of September, Walla Walla’s listing inventory edged up as sellers hoped to catch the year-end wave of sales. While home sales for the month declined from September 2012, Walla Walla’s sales are 24% ahead of last year’s pace for the same period. New buyer activity remained strong. Pending sales – newly signed contracts not yet closed – increased 2% over the previous month. September’s median price spiked up as more upper-end properties sold than any month this year. For Walla Walla/College Place, there is 6 months of inventory at current sales activity. All said, the best word to describe our current market is balanced.
September Listings: 449*
September was the first month this year that the number of listings increased over the same period for the previous year. This reflected general seller optimism that market conditions were more favorable.
September Closings: 45*
While 13 fewer homes closed than in September 2012, Walla Walla is 88 homes (24%) ahead of last year’s pace.
September Median Price: $255,000*
The month’s 23% spike over a year ago was due to upper-end home sales. 5 homes sold in the $400,000 – $500,000 price range and 3 closed above $500,000. For the year, our average sales price of $215,319 was 7% above last year.
Click here for September 2013 WW Charts
*WWMLS WA Data
September 10th, 2013
The rise in interest rates this summer has not slowed home sales in the Walla Walla Valley. August saw more homes close than any month yet this year which brought the year to date sales total to 405, a 33% increase over the same period a year ago. Listing inventory remained 5% lower then last August. At the current sales pace, there is a 6 month supply of inventory for Walla Walla and College place. So far this year, the market has moved towards balance between buyer and seller and prices have seen modest increases.
August Listings: 443*
The trend of year over year reductions to listing inventory continued in August.
August Sales: 65*
August was the busiest month for home sales yet this year. Year to date, 101 more homes have sold then sold during the same period a year ago.
August Median Price: $202,920*
The median price for August was up 6% over the median price for the 4th quarter of 2012. The average sales price for the year is up 4% over last year.
Click here for August 2013 WW Charts
*WWMLS WA Data
August 12th, 2013
Lawrence Yun, National Association of Realtors chief economist, said there is enough momentum in the market, even with higher interest rates. This has been true for Walla Walla. Total Walla Walla home sales through July were 38% ahead of last year’s pace. Housing inventory for Walla Walla remained 5% below a year ago. Listing inventory for Walla Walla/College Place is now at 6 months supply at the current sales pace. While the national median sales price is up around 13% on the year, our median sales price is holding steady with last years while our average sales price has increased by 4%.
July Listings: 438*
At the end of July, Walla Walla’s listing inventory was 5% less than a year ago.
July Sales: 58*
Monthly home sales surged 38% ahead of last July’s total. Pending sales – homes under contract but not yet closed – dropped slightly from the previous month.
July Median Price: $179,923*
July’s median price increased slightly over the previous month. Homes below $250,000 are experiencing more upward pricing pressure while homes above are relatively flat.
Click here for July 2013 WW Charts
*WWMLS WA Data
July 9th, 2013
The Walla Walla Valley is on track to surpass 500 annual home sales for the first time since 2007. Through the first half of 2013, listing inventory continued year over year declines and prices experienced modest gains. While Seattle and many large metropolitan markets have experienced inventory shortages and sharp price increases, Walla Walla’s market has been more stable. Our local market has become generally balanced between seller (supply) and buyer (demand).
June Listings: 432*
Listing inventory is 8.5% lower than at the same time a year ago. We now have 7 months of total MLS inventory (5.75 months for Walla Walla, College Place).
June Sales: 62*
At the halfway point for 2013, total home sales of 279 were 27% ahead of home sales during the first half of 2012. Pending sales, homes under contract but not yet closed, remained strong.
June Median Price: $177,000*
Through the first 6 months of 2013, our median price is up 2% over the same period a year ago and the average price has increased 4% since year end.
Click here for June 2013 WW Charts
*WWMLS WA DATA