Facebook
Twitter
Pinterest
Copy Link
Walla Walla Real Estate Update – April 2024
The Walla Walla Valley’s real estate market continued to pick up consistent with typical seasonal patterns. The Northwest MLS released the following statistics for the Walla Walla Valley during the month of April.
Market activity increased despite constrained mortgage rate impacts. Interest rates increased by .38 percentage points over the past month to 7.17%. Yet buyers continued to buy. New contract originations caused the number of pending sales to increase 39% over a year ago. This leading indicator points to a busy market as we transition from spring into summer.
Listings increased but sold quickly. In April there were 37% more listings available for sale. However, the month was the busiest yet for closed home sales causing the available months of inventory to drop to 2.3 from the previous month of 3.5 months. At month end, year-to-date sales had moved ahead of the previous year’s pace by 6%.
Median Sales Price continued year-over-year gains. Low inventory levels continued to place upward pressure on prices. The month’s median sales price of $400,000 was 10% higher than a year ago.
April’s Listings: 195
The month’s listings increased 8% over the previous month and ended up 37% higher than a year ago.
April’s Closed Sales: 59
The month’s closed sales increased significantly over the previous month with a 84% gain and was up 51% over the number of closings for April of last year.
April’s Median Sales Price: $400,000
The median sales price eased slightly a 0.08% from the previous month but ended 10% above the median’s sale price for April of last year.
Learn More
Click here for the full monthly report
Click here for Market Updates
*NWMLS WA Data
