Blog | Walla Walla Market Updates - Windermere Walla Walla

Market Trends

Walla Walla Real Estate Update – December 2024

Walla Walla Real Estate 2024 Year-End Report Despite hopes among potential home buyers and sellers, the Federal Reserve Bank’s three interest rate cuts in 2024 did not lead to reduced mortgage rates or a significant boost to the housing market. The 30-year mortgage interest rate was actually higher at the end of 2024 (6.85%) […]
Market Trends

Walla Walla Real Estate Update – November 2024

Walla Walla Real Estate Update – November 2024 The seasonal slowdown of the real estate market has begun as evidenced by the month-over-month decrease in listings, sales, and prices. Yet the market shows some signs of year-over-year improvement in closings and prices. Here are key takeaways from November: Monthly closings slowed but still […]
Market Trends

Walla Walla Real Estate Update – October 2024

Walla Walla Real Estate Update – October 2024 The Walla Walla real estate market remained active during the month of October. However, mortgage rates unexpectedly rose again from 6.08% at the end of September to 6.72% at the end of October. Closed home sales moved further ahead of last year’s pace. Buyers were […]
Market Trends

Walla Walla Real Estate Update – September 2024

Walla Walla Real Estate Update – September 2024 The reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market. As the third quarter came to an end, here’s what happened in the Walla Walla Valley: Quarterly home closings outpaced last year. The approximate 1% year-over-year decline […]

Market Trends Walla Walla Real Estate Update – December 2024 Walla Walla Real Estate 2024 Year-End Report Despite hopes among potential home buyers and sellers, the Federal Reserve Bank’s three interest rate cuts in 2024 did not lead to reduced mortgage rates or a significant boost to the housing market. The 30-year mortgage interest rate was actually higher at the end of 2024 (6.85%) […]

Market Trends Walla Walla Real Estate Update – November 2024 Walla Walla Real Estate Update – November 2024 The seasonal slowdown of the real estate market has begun as evidenced by the month-over-month decrease in listings, sales, and prices. Yet the market shows some signs of year-over-year improvement in closings and prices. Here are key takeaways from November: Monthly closings slowed but still […]

Market Trends Walla Walla Real Estate Update – October 2024 Walla Walla Real Estate Update – October 2024 The Walla Walla real estate market remained active during the month of October. However, mortgage rates unexpectedly rose again from 6.08% at the end of September to 6.72% at the end of October. Closed home sales moved further ahead of last year’s pace. Buyers were […]

Market Trends Walla Walla Real Estate Update – September 2024 Walla Walla Real Estate Update – September 2024 The reduction of interest rates in September by the Federal Reserve provided a positive end-of-the-summer boost to the market. As the third quarter came to an end, here’s what happened in the Walla Walla Valley: Quarterly home closings outpaced last year. The approximate 1% year-over-year decline […]

Market Trends Walla Walla Real Estate Update – August 2024 Walla Walla Real Estate Update – August 2024 More listings and lower interest rates are keeping buyers active. At month end, mortgage rates were at their lowest level since March of 2023, and the Federal Reserve is expected to further reduce interest rates in September. Here are market highlights from August: August was […]

Market Trends Walla Walla Real Estate Update – July 2024 Walla Walla Real Estate Update – July 2024 There are signs that the housing market is loosening up, and interest rates are declining and are likely to continue to drop more in the upcoming months. Here are the highlights we saw for the Walla Walla Valley during July. Closed home sales are now 5% ahead […]

Market Trends Walla Walla Real Estate Update – June 2024 Walla Walla Real Estate Update – June 2024 At the mid-point of our year, increased inventory is leading the way towards market stabilization. The Northwest MLS the most current, accurate listing data in WA state released the following market data for June in the Walla Walla Valley. Year-over-year for sale inventory increased dramatically. […]

Market Trends Walla Walla Real Estate Update – May 2024 Walla Walla Real Estate Update – May 2024 While interest rates remained high, increases in inventory and transactions signal buyers and sellers are adapting. The NWMLS released the following statistics for the month of May in the Walla Walla Valley: Inventory increased to the highest level in 4+ years. The number of homes […]

Market Trends Walla Walla Real Estate Update – April 2024 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 […]

Market Trends Walla Walla Real Estate Update – March 2024 Walla Walla Real Estate Update – March 2024 The Walla Walla Valley’s real estate market showed signs of thawing as new listings and pending sales numbers grew, pointing to a busy spring. Here are highlights from the first quarter of the year. Inventory increased to 3.5 months. Buyers had more homes to consider […]

Market Trends Walla Walla Real Estate Update – February 2024 Walla Walla Real Estate Update – February 2024 There was cautious optimism as seasonal changes took shape. The real estate market remained slow in Walla Walla in accordance with typical seasonal patterns but there were signs of increased activity as winter began to transition into spring. Closed home sales and pending transactions were […]

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 […]

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 […]