December 8th, 2011
With one month left to report in 2011, home sales for the second half of the year are already ahead of the first half by 15%. And although Walla Walla is on track to see fewer total homes sell in 2011 from 2010, the 204 homes sales that have occurred since July 1, 2011 represent a 13% increase over sales during the same period a year ago. Buyers are taking advantage of low interest rates and lower priced homes. The Holiday Season hasn’t slowed them down. Through the first week of December, buyers continue to shop and make offers on homes in the Walla Walla Valley.
November ended with 27 fewer homes on the market than the previous month and 104 fewer homes from this year’s high of 502 at the end of June. At current sales levels we have approximately 10 months of inventory. Although the number of listings has declined, sellers continue to face the challenge of making sure they don’t price their home above the market.
Closed Sales: 39*
Home sales increased by 15% over last month and new transactions continued an active pace throughout November.
Median Price: $178,000*
Median Prices held steady with last month and matched the median price of homes that sold in November a year ago. Although most sales activity remains in the lower price ranges, 3 homes sales occurred above $400,000 in November and the MLS currently reports 8 pending sales above $300,000.
Click Here for November 2011 WW Charts
*WWMLS WA Sales