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May 2026 closed with some of the most notable inventory numbers the Walla Walla Valley has seen in years 276 active listings, up sharply from both April’s 245 and last May’s 202. At 5.0 months of supply, this is textbook buyer’s market territory.
Yet the transaction engine keeps running: 55 homes closed in May, outpacing both last month and last year, and pending sales climbed 13.6% year-over-year to 75. Pricing tells a nuanced story the average closed price of $520,973 is up nearly 5% from a year ago, while the median of $434,990 moderated after April’s spike, suggesting a market with a healthy upper tier but price-sensitive mid-range.
For the year, the average closed price of $485,427 and 216 total sales through May put 2026 on a solid track. This is a market of opportunity and of careful navigation.
May 2026 At-a-Glance
| Metric | May 2026 | Context / YoY |
|---|---|---|
| Active Listings | 276 |
Up 37% YOY (202 in May 2025); up from 245 in April inventory climbing |
| New Listings Taken | 107 |
Up from 103 in May 2025 (+3.9%); spring supply continues to expand |
| Homes Closed | 55 |
Up from 51 in May 2025 (+7.8%); improved over April’s 45 closings |
| Median Closed Price | $434,990 |
Essentially flat YOY vs. $438,000 in May 2025 (-0.7%); pulled back from April’s $522,565 |
| Avg. Closed Price | $520,973 |
Up 4.9% YOY vs. $496,446 in May 2025; up slightly from April’s $518,127 |
| Pending Sales | 75 |
Up 13.6% YOY (66 in May 2025); positive forward-looking indicator |
| Months of Inventory | 5.0 Months |
Solidly in buyer’s market territory (4+ months); highest May level in 4 years |
| 2026 YTD Avg Sale Price | $485,427 |
Tracking above $477,848 full-year 2024 average; market retains value |
| 2026 YTD Number of Sales | 216 |
Jan–May pace; comparable to prior-year starts despite lower overall annual volumes |
Source: NWMLS Statistical Reports. Data deemed reliable but not guaranteed.
What Does This Mean for You?
If You’re Selling:
- More choice than any May in 4 years 276 active listings give buyers real options
- 5.0 months of inventory means negotiating leverage is in buyers’ favor
- Pending sales up 13.6% YOY motivated buyers are acting; hesitation has a cost
- Average price trending up 4.9% YOY; waiting may not improve affordability
- Excellent time to consult on strategy conditions are shifting and timing matters
If You’re Buying:
- Inventory at 276 highest May count in 4 years; pricing and presentation are critical
- 5.0 months of supply favors buyers; set realistic expectations with seller clients
- Average price of $520,973 is up 4.9% YOY well-priced homes still command strong values
- Median closed price pulled back from April; avoid overpricing on the strength of one month
- Homes are moving again with 55 closings up from April and ahead of last May
Curious About Your Next Move?
Every property and situation is unique, and personalized guidance can help you navigate the changing market landscape. If you’re thinking of buying, selling, or simply wondering what your home is worth in today’s market, don’t hesitate to reach out. Contact your Windermere Real Estate / Walla Walla agent — we’re here to help you navigate with confidence.
Here’s to making smart, confident moves in 2026!
Data is from sources deemed reliable but is not warranted by NWMLS members. All information compiled from MLS Statistical Reports. Listing and selling brokers are not responsible for errors in data.
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*NWMLS WA Data
