Walla Walla Real Estate Update – July 2026

July 2026 Market Overview

July brought the deepest inventory in at least four years, along with a noticeable split between the middle of the market and the top end. Active listings reached 301, up 27.5% year-over-year and the highest level in the four-year record. Meanwhile, 57 homes closed, down from June’s 66 and 26.0% below July 2025’s unusually strong 77 closings.

Pricing showed two different stories. The median closed price rose 6.8% from June to $450,000 and was essentially flat compared with July 2025, suggesting continued strength in the middle of the market. At the same time, the average closed price fell to $458,946, down 8.2% from June and 11.3% year-over-year, making July the lowest average-price month of 2026. That divergence suggests the upper end of the market was quieter while mid-market activity remained comparatively firm.

Months of inventory climbed from 4.3 in June to 5.3 in July, giving buyers the deepest selection seen in at least four years. Even so, correctly priced homes continue to perform well, with the close-to-list ratio improving to 98.2%. Year to date, 348 homes have closed, 5.5% ahead of the 330 closings recorded through July 2025.

The market continues to reward realistic pricing: inventory is at a four-year high, but correctly priced homes are still closing at 98.2% of list price.

July 2026 At-a-Glance

Metric	July 2026	Context / YoY
Active Listings	301	Up 27.5% YOY (236 in Jul 2025); up from June’s 283 and highest in the four-year record
New Listings Taken	81	Up 12.5% YOY (72 in Jul 2025); eased from June’s 88 as summer listing activity slowed
Closed Sales	57	Down from June’s 66; down 26.0% YOY, though Jul 2025’s 77 closings were the strongest month in four years
Pending Sales	52	Essentially flat YOY (53 in Jul 2025); 2026 YTD pending sales of 418 are up 6.9% from 391
Median Closed Price	$450,000	Up 6.8% from June’s $421,300; essentially flat YOY ($449,750 in Jul 2025), signaling mid-market firmness
Average Closed Price	$458,946	Down 8.2% from June’s $499,818 and down 11.3% YOY; lowest monthly average of 2026
Months of Inventory	5.3 Months	Up from June’s 4.3 and well above Jul 2025’s 3.1; buyers have significantly more selection
Close-to-List Ratio	98.2%	Improved from June’s 97.2%; correctly priced homes are still closing near asking price
2026 YTD Closings	348	Ahead of 330 through July 2025 (+5.5%) despite the softer July sales total
2026 YTD Avg Price	$483,700	Above the full-year 2024 average of $477,848; below 2025’s $497,489 average

_{Source: Northwest Multiple Listing Service and Windermere Walla Walla monthly statistical charts. Statistics reflect single-family residential sales in the Walla Walla Valley. Information is deemed reliable but not guaranteed.}

What Does This Mean for You?

If You’re Selling:

Competition is at a four-year high with 301 active listings, making accurate pricing especially important
Demand is strongest in the middle of the market, where the median price rose while the upper tier slowed
Correctly priced homes are still closing at 98.2% of list price
Plan on roughly 57 days on market, compared with 41 days in July 2025
Condition, presentation, and marketing matter more when buyers have this many options

If You’re Buying:

At 5.3 months of inventory, buyers have the deepest selection seen in at least four years
The upper end of the market may offer more negotiating leverage, with the average closed price falling 8.2% from June
With 301 active listings and 57 July closings, sellers are competing more directly for qualified buyers
Contingencies and requests for closing-cost assistance are becoming more realistic again
Well-priced homes can still move quickly, so preparation and clear criteria remain important

Curious About Your Next Move?

Every property and situation is unique, and personalized guidance can help you navigate today’s changing market. Whether you’re thinking about buying, selling, or simply wondering what your home may be worth, contact your Windermere Real Estate / Walla Walla agent. We’re here to help you understand the numbers and move forward with confidence.

Here’s to making smart, confident moves in 2026!

Data is from sources deemed reliable but is not warranted by NWMLS members. Statistics reflect single-family residential sales in the Walla Walla Valley. Listing and selling brokers are not responsible for errors in data. Not intended to solicit properties already listed.

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*NWMLS WA Data