Market Trends Walla Walla Real Estate Update – January 2024 Walla Walla Real Estate Update – January 2024   Real Estate market activity remained slow in accordance with seasonal patterns however January saw in increase in listings, closed sales, and median sales price in the Walla Walla Valley.   Home sales saw a better start than last year.  While home sales typically are slower during […]
Market Trends Walla Walla Real Estate Update – December 2023 Year-End Report Walla Walla Real Estate 2023 Year-End Report The new year kicks off with some hopeful signs for buyers as interest rates proceeded to drop through the month of December to a current rate of 6.61% from the November level of 7.1% with the Fed is signaling additional cuts on the horizon.  Here are some key […]
Market Trends Walla Walla Real Estate Update – November 2023 Walla Walla Real Estate Update – November 2023   As of December 1 interest rates had fallen to around 7.2% compared to 7.8% in October.  The slight decrease in interest rates at month’s end raised cautious optimism.  Here’s what took place in November:   Q-4 closed and pending home sales trended up. While year-to-date home […]
Market Trends Walla Walla Real Estate Update – October 2023 Walla Walla Real Estate Update – October 2023   Further increases in interest rates continued to influence the expected seasonal slow-down during the fall and winter months.  Yet when compared to the same time a year ago, the month of October showed some positive signs.   Buyers had more homes to consider this October.  Inventory […]
Market Trends Walla Walla Real Estate Update – September 2023 Walla Walla Real Estate – September 2023   As we head into the fall season in the Walla Walla Valley, the number of closed transactions continued to decline with limited growth in year-over-year median price. Continued decline in transactions. “The real estate market typically slows down in the fall and winter months,” says Mason Virant, […]
Market Trends Walla Walla Real Estate Update – August 2023 Walla Walla Real Estate – August 2023   Mortgage rates may be high but lifestyle decisions continue to drive listing and sales activity in the Walla Walla Valley. Closed home sales experienced monthly gain. Buyers’ activity remained strong despite higher interest rates, especially for median-priced homes.  August’s closed sales increased 20% over the previous month […]
Market Trends Walla Walla Real Estate Update – July 2023 Walla Walla Real Estate – July 2023   The Northwest MLS statistics summarizing July activity for the Walla Walla Valley showed a slight increase in months of listing inventory and declines in both closed home sales and median prices. The monthly supply of inventory ticked upward. A slower pace of sales contributed to a modest […]
Market Trends Walla Walla Real Estate Update – June 2023 Walla Walla Real Estate – June 2023   Although at a lower velocity than in previous years, low inventory and higher interest rates have kept the overall market in a more balanced state as sales kept pace with new and existing inventory. At the midway point in the year, sales were still 22% off last […]
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Market Trends Walla Walla Real Estate Update – May 2023 Walla Walla Real Estate – May 2023   Home buyers in the Walla Walla Valley found the largest selection of listings last month since November. While rising interest rates are deterring some buyers, many others are moving forward powering the normal seasonal upward trend for market activity. Both Pending Sales and Closed Sales Surged. May […]
Market Trends Walla Walla Real Estate Update – April 2023 Walla Walla Real Estate – April 2023   Like April’s weather, Walla Walla’s real estate market cooled down during the month with declines in home closings, pending sales, and prices. Closed homes sales slowed again.  The market is moving at a slower pace than last year.  At month end, year-to-date home sales were down 28% […]
Market Trends Walla Walla Real Estate Update – March 2023 Walla Walla Real Estate – March 2023 Real Estate Brokers around Washington State say the market is moving in a positive direction as we head into the second quarter of the year. In the Walla Walla Valley, key indicators, including new and active listings, pending and closed sales, and prices are trending upward. New and […]
Market Trends Walla Walla Real Estate Update – February 2023 Walla Walla Real Estate Update – February 2023   This year, Walla Walla has experienced an interesting market comprised primarily of serious buyers and sellers.  Buyer demand has remained at reasonable levels considering interest rate levels.   Closed home sales are off to a sluggish start. Closed home sales for February showed an uptick when […]
Market Trends Walla Walla Real Estate Update – January 2023 Walla Walla Real Estate Update – January 2023   The spring real estate market hit the Walla Walla Valley early this year as buyers were encouraged by declining mortgage rates and increasing inventory.   Pending Sales Surged over the previous month. Despite a slow closing month, pending sales in the Walla Walla Valley increased 44% […]
Market Trends Walla Walla Real Estate Update – 2022 Year-End Report Walla Walla Real Estate Update – 2022 Year-End Report   2022 was a tale of two housing markets. In the first half of the year, we saw low-interest rates, rising prices, and little inventory. The second half of the year brought increasing interest rates, some slowing of price increases, and an increase in inventory.   […]
Market Trends Walla Walla Real Estate Update – 2022 November 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. […]
Market Trends Walla Walla Real Estate Update – 2022 October 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 […]
Market Trends Walla Walla Real Estate Update – 2022 September 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 […]
Market Trends Walla Walla Real Estate Update – 2022 August 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 […]
Market Trends Walla Walla Real Estate Update – 2022 July Walla Walla Real Estate Update – July 2022   New statistics from the Northwest Multiple Listing Service confirm reports of a shifting housing market in the Walla Walla Valley. That shift is benefitting buyers. They now have more homes to choose from and a bit more time to look. Inventory continued year-over-year growth. In July, […]
Market Trends Walla Walla Real Estate Update – 2022 June Walla Walla Real Estate Update – June 2022   The Walla Walla Valley real estate market remained active in June, but there were more houses on the market, longer market times, fewer offers at one time, and more price adjustments. Inventory jumped up again. There were 6 weeks of inventory on the market in June […]