May 7th, 2012
Walla Walla Market Update – April 2012
The numbers of home sales continue to increase in Walla Walla! Through the first four months of 2012 Walla Walla’s closed home sales represented a 38% increase over home sales during the same period a year ago. And there are 25% more pending sales – homes under contract but not yet closed – than there were last year at this time. At the center of the increased buying activity are low interest rates and good prices. While it is predicted that home prices will remain flat until the numbers of foreclosures and short sales decline later this year we are encouraged by the increase in transactions.
April Listings: 432*
Inventory continues to trend lower. At the end of April there were 7% fewer homes on the market than last year at the same time.
April Sales: 45*
April represented the best month yet for home sales this year. This was the best April of the previous 4 years, more than doubling the number of homes sales that occurred in April 2011.
April Median Price: $149,900*
While average sales prices increased a bit this month, the median sales price remained consistent with the previous month and with the same period a year ago.
Click here for April 2012 WW Charts
*WWMLS WA Sales
One Comment
It’s so great to see Real Estate pique during it’s regular season, again. I guess the energy is coming back to the market. Kind of like the energy in that photo of the lightening storm in Walla Walla a couple weeks ago — cool photo!
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