Facebook
X
Pinterest
Copy Link
Walla Walla Real Estate Update – October 2024
The Walla Walla real estate market remained active during the month of October. However, mortgage rates unexpectedly rose again from 6.08% at the end of September to 6.72% at the end of October.
Closed home sales moved further ahead of last year’s pace. Buyers were active in October as monthly home sales increased 2% over the same month a year ago. Year-to-date sales moved 10% ahead of last year’s pace and pending sales remained strong.
Inventory growth paused. The number of homes listed for sale declined by 9% from the previous month and inventory settled back to 2.5 months. At month-end listings matched the number of homes that were available for sale a year ago.
Median sales price growth eased from a year ago. While annual prices have increased 5% over the previous year, October’s median sales price declined 3% from the same month a year ago. At year-end, an annual increase in the median price is expected to be 4-5%.
October’s Listings: 201
The month’s listings declined 9% from the previous month and ended on par with the number of homes listed for sale a year ago.
October’s Closings: 57
The month’s closed homes sales declined 12% from the previous month but was 2% more that’s the number of homes that closed in October of last year.
October’s Median Sales Price: $425,000
The median sales price increased 2% above the previous month but was down 3% below the median sales price for October of last year.
Learn More
Click here for the full monthly report
Click here for Market Updates
*NWMLS WA Data
