Market Trends Walla Walla Real Estate Update – September 2020 Housing Trends for the Walla Walla Valley Walla Walla’s housing market has made a strong recovery since the outbreak of COVID-19 struck this past spring. Here is a look at 3 key trends we have seen for the year. Strong Buyer Demand – Historically low interest rates – below 3% – continued to fuel strong […]
Market Trends Walla Walla Real Estate Update – August 2020 What’s Happening in the Local Market? The year 2020 will certainly be one to remember, with new realities and norms changing the way we live. This year’s real estate market is certainly no exception; challenging what many thought possible. Here’s a look at four key areas that are defining the Walla Walla Valley’s real estate […]
Market Trends Walla Walla Real Estate Update – July 2020 What’s Happening in the Local Market? July became the 2nd busiest home-closing month for the year in the Walla Walla Valley showing continued resilience in the local Real Estate Market. This activity was fueled through outstanding opportunities for buyers and sellers. Buyers have been able to benefit from record-low mortgage rates. The National Mortgage News reported […]
Market Trends Walla Walla Real Estate Update – June 2020   Walla Walla’s real estate market continued to show resilience through the pandemic as historically low interest rates continued to fuel buyer demand.  With so many buyers looking for homes to purchase and so few houses for sale, there has been a disconnect between supply and demand.  This imbalance has pushed prices upward while driving […]
Market Trends Walla Walla Real Estate Update – May 2020 Governor Inslee extended the Stay Home Stay Healthy order through the month of May but tight supply combined with strong buyer demand in the Walla Walla Valley kept home values stable. Spring is typically the active listing season but many sellers delayed bringing their home to market while under the economic lockdown. Listing inventory remained […]
Market Trends Walla Walla Real Estate Update – April 2020   April’s real estate activity surpassed expectations but it was far from business as usual. The Governor’s “Stay Home, Stay Healthy” order deemed Real Estate an “essential business” due to the importance of housing during these challenging times.  Necessary property viewings were allowed under strict safety protocols and all other real estate activities were conducted […]
Market Trends Walla Walla Real Estate Update – March 2020   As we report first-quarter real estate activity for the Walla Walla Valley, our state remains under Governor Inslee’s “Stay Home, Stay Healthy” order. And through these challenging times, our highest priority is the safety of our brokers, our clients, and our community. Although our local economy felt the impact of COVID-19 in late March, […]
Market Trends Walla Walla Real Estate Update – February 2020 Walla Walla Valley’s home sales and pending sales experienced annual increases during the month of February despite historically low inventory levels.  Through the first two months of the year, closed home sales were up 18% above last year’s pace and pending sales increased by 23%.  Low interest rates fueled buyer activity. Enough new homes came […]
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Market Trends Walla Walla Real Estate Update – January 2020 Homebuyers got a head start over home sellers in the month of January.  January’s real estate activity saw home sales surge 20% above the number of sales that occurred in January of 2019, but the real story was the continued decline in the number of listings.  For the first time in more than 20 years, […]
Market Trends Walla Walla Real Estate Update – 2019 Year End Report Walla Walla Real Estate – 2020 Forecast: So what will 2020 bring?  To help answer that question, here is a summary from Windermere’s Chief Economist, Matthew Gardner:   US Economy:  Despite some concerning signs, the likelihood that we will enter a recession in 2020 has dropped to about 26%.  If we manage to stage off […]
Market Trends Walla Walla Real Estate Update – November 2019 Home sales remained active in November.  With one month left to report, the Walla Walla valley’s 4th quarter’s home sales surged 16% ahead of last year’s 4th quarter and year-to-date home sales have now pulled within 1.5% of last years pace.   Low interest rates and a slight annual increase in listings kept buyers active.  […]
Market Trends Walla Walla Real Estate Update – October 2019 Over the last month, sales, listings, and prices continued to trend upward in the Walla Walla Valley.  October became the 2nd most active home closing month yet this year and brought total annual home sales within 4% of last year’s pace. October also became the 5th month in a row to show annual monthly gains […]
Market Trends Walla Walla Real Estate Update – September 2019 September became the fourth month in a row in the Walla Walla Valley to post year-over-year monthly gains in listing inventory.  With approximately 2.5 months of inventory, Walla Walla’s market is still best categorized as a seller’s market.  However, annual inventory gains indicate the market is moving towards balance.  Should this trend continue, it will […]
Market Trends Walla Walla Real Estate Update – August 2019 Monthly home sales slowed a bit in the Walla Walla Valley as many focused on back to school activities.  However, both pending sales and the number of homes listed for sale increased.  The number of pending sales – homes under contract but not yet closed – grew 6% over the previous month.  While annual home […]
Market Trends Walla Walla Real Estate Update – July 2019 Sales activity picked up momentum in July and posted the most monthly closings of the year.  Pending sales – homes under contract but not yet closed – increased by 20% indicating that the brisk activity will continue as summer draws to a close. Growing listing inventory and favorable interest rates were contributing factors for the […]
Market Trends Walla Walla Real Estate Update – June 2019 Walla Walla Valley’s pending homes sales continued to increase in June, a positive sign from the month’s minor sales dip. This increase in contract signings mirrored the national trend. Lawrence Yun, National Association of Realtors chief economist, credits lower-than-usual mortgage rates, “Rates of 4 %, and in some cases even lower, have created extremely attractive […]
Market Trends Walla Walla Real Estate Update – May 2019 More sellers listed their homes for sale in May which brought a much-needed boost to the Walla Walla Valley’s listing inventory.  The number of listings grew 14% over the previous month and essentially equaled the number of homes available for sale 12 months ago.  Closed homes sales declined a bit from the previous month but […]
Market Trends Walla Walla Real Estate Update – April 2019 Walla Walla valley’s real estate market sprung back to life in April. Homes sales surged 52% and listing inventory grew 9% over the previous month. However, given the slow first quarter, year-to-date sales remained 16% behind last years pace and the trend of year-over-year listing declines continued. At month’s end, there were 8% fewer homes […]
Market Trends Walla Walla Real Estate Update – March 2019 Through the first part of the year, there were more buyers on the market than listings in the Walla Walla Valley.  Some buyers delayed their purchase decisions because they were unable to find what they were looking for.  At the first quarter end, both listings and sales had fallen 18% behind last years pace. The […]
Market Trends Walla Walla Real Estate Update – February 2019 Walla Walla’s real estate market experienced an icy month.  Both listings and sales continued to decline and harsh winter conditions are partly to blame.  Many brokers reported that their sellers who wanted to list homes in February were waiting for the snow to melt so they could prepare their homes for market.  In addition, slippery […]