Market Trends November 11, 2021

Walla Walla Real Estate Update – October 2021

Walla Walla Valley Real Estate Update – October 2021


Strong demand for homes in the Walla Walla valley continued in October.


Closed home sales rebounded.  Fueled by favorable interest rates, home closings experienced a 36% monthly increase.  At the end of October, year-to-date closings were 2% ahead of last year’s pace.  New contract activity remained active. The number of pending sales remained on par with the previous month indicating that the remaining two months will be strong closing months.


Inventory experienced a slight decline.  After 5 consecutive monthly increases, the valley’s active listings saw a monthly decline of 6%.  However, there were still 107 more listings than were available just 6 months ago.  Based on sales activity there was 5 months of inventory at month’s end.


Price growth continued.  The strong seller’s market continued to push prices higher.  Year-to-date, the median sales price has increased 18% over the previous year.

October’s Listings: 160

The number of homes listed for sale declined by 6% from the previous month and ended 5% below the number of homes that were available for sale in October of last year.


October’s Closings: 79

The month’s closings rose 36% over the previous month but ended 11% below the number of homes that closed in October of last year.


October’s Median Sales Price:  $379,000

The median sales price increased 7% over the previous month and was 8% higher than the median sales price for October of last year.


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Click here for the full October report

Hear Housing and Economic Updates from Chief Economist Matthew Gardner