Walla Walla Real Estate Update – November 2022   Closings fell 18% behind last year’s pace. Our traditional season slowdown around the holidays is happening earlier this year. Determined buyers still purchased homes in November, but inclement weather and various economic factors caused some to pause.   Pending sales increased 11% over the previous month. […]

Buyers are still buying homes in the Walla Walla Valley, but we are seeing a return to some creative financing methods as motivated home buyers and sellers grappled with higher mortgage rates. Brokers reported seeing more 2/1 buy-downs and adjustable rate mortgages with buyers planning to refinance when the rates come back down.   Inventory […]

We are technically still in a seller’s market but it is becoming a more favorable market for buyers in the Walla Walla Valley. Here’s what happened in September:   Closing numbers were good but off last year’s pace.  Through the first three quarters of the year closed home sales are 12% off the record-setting pace […]

Walla Walla Real Estate Update – August 2022   Sales and price growth are slowing in the Walla Walla Valley but we are still experiencing a seller’s market.  Here’s what happened in August: The Seller’s Market Continued. Listing inventory remained well below the 4-6 months range that economists consider being a balanced market. But inventory […]