Market Trends November 15, 2016

Walla Walla Real Estate Update – October 2016


Low interest rates and slightly higher inventory levels are keeping buyers active in the Walla Walla Valley this fall. Through October, closed sales remained 11% ahead of last year’s pace and pending sales increased by 6%.

The number of homes listed for sale in October increased by 1.5% over the previous month. At the current rate of sales there are approximately 3.24 months of inventory in the valley. Walla Walla’s median sales price remained 13% ahead of last year. While the market remained a seller’s market, Walla Walla continued to have more inventory then most communities in Washington State.

Overall, Walla Walla is having a great year for Real Estate. Thus far, the Walla Walla Valley is on track to experience the most active real estate market in 10 years.

October’s Listings: 348

The number of homes listed for sale grew 1.5% over the previous month and 2% over the number of homes listed for sale 12 months ago.

October’s Closings: 58

Monthly closings declined 39% from the previous month but remained 31% higher than October’s closings for the previous year.

October’s Median Price: $214,496

The median price declined from the previous month but equaled the current year’s median price.

Click here for October’s charts.