Market Trends

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 […]
Market Trends Walla Walla Real Estate Update – 2022 May Walla Walla Real Estate Update – May 2022   The NWMLS reports that Washington’s housing market has become “more balanced, and not so crazy – and that’s a good thing”. During May, the state experienced a significant increase in listings compared to a year ago, a slowdown in sales, and prices still rising. Here’s what’s […]
Market Trends Walla Walla Real Estate Update – 2022 April Walla Walla Real Estate Update – April 2022   The NWMLS reported that rising interest rates and inflation, coupled with a slight improvement in inventory, may bring some normalcy to the frenzied housing market. Here is what’s happening in the Walla Walla Valley: Walla Walla experienced an increase in inventory and unsold properties. 88 new […]
Market Trends Walla Walla Real Estate Update – 2022 March Walla Walla Real Estate Update – March 2022   Rising interest has not yet slowed home sales in the Walla Walla Valley. During the first quarter, strong demand continued even though buyers often had to wait for homes to come on the market. Here are a few highlights: The monthly median sales price hit a […]
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Market Trends Walla Walla Real Estate Update – 2022 February Walla Walla Real Estate Update – February 2022   At the end of February, Northwest MLS representatives expressed optimism for the housing market as pandemic-restrictions eased, but also uncertainty due to the global economic crisis around Russia’s invasion of Ukraine. Here’s what happened in the Walla Walla Valley.   Listings were slightly higher than a […]
Market Trends Walla Walla Real Estate Update – 2022 January Walla Walla Real Estate Update – January 2022   A frigid first week of January surges in coronavirus cases, and depleted inventory were factors that contributed to the months being slower than year-ago sales. Closed home sales fall off last year’s pace. During the first month of the year, closed home sales fell 11% behind […]
Market Trends Walla Walla Real Estate Update – 2021 Year-End Report Walla Walla Valley Real Estate – 2021 Year-End Report   The Walla Walla valley real estate market remained remarkably resilient in the face of continued Covid-19 challenges in 2021.  Here are a few takeaways:   2021 Home Sales Topped Previous Year for 2nd Best in MLS History: Strong buyer demand, fueled by low-interest rates, led […]
Market Trends Walla Walla Real Estate Update – November 2021 Walla Walla Valley Real Estate Update – November 2021   Walla Walla homes sales remained resilient despite low inventory and increasing affordability challenges.   Closed home sales lag behind last autumn.  Over the last 3 months, closed homes sales fell 17% below the number of closings that occurred during the same months of last year.  […]
Market Trends Walla Walla Real Estate Update – October 2021 Walla Walla Valley Real Estate Update – October 2021   Strong demand for homes in the Walla Walla valley continued in October.   Closed home sales rebounded.  Fueled by favorable interest rates, home closings experienced a 36% monthly increase.  At the end of October, year-to-date closings were 2% ahead of last year’s pace.  New contract […]
Market Trends Walla Walla Real Estate Update – September 2021 Walla Walla Valley Real Estate Update – September 2021   The Walla Walla Valley’s housing market remained active with gains in new listings and year-over-year gains in closed sales and prices. Listings edge higher for 5th month in a row.  While still historically low, the number of homes listed for sale experienced another monthly increase.  […]
Market Trends Walla Walla Real Estate Update – August 2021 Walla Walla Valley Real Estate Update – August 2021   A strong seller’s market continued in the Walla Walla Valley but another monthly increase in listings indicated a market shift is underway. Monthly Listings Edged higher for the 4th month in a row.  The number of homes listed for sale increased again in August.  While […]
Market Trends Walla Walla Real Estate Update – July 2021 Walla Walla Valley Real Estate Update – July 2021 A strong seller’s market continued in the Walla Walla Valley through the month of July but an increase in listings may indicate that market shift is underway.  Here are several key takeaways: Monthly listings surpassed 100 for the first time this year.  The number of homes […]
Market Trends Walla Walla Real Estate Update – June 2021 Walla Walla Valley Real Estate Update – June 2021   The Walla Walla Valley’s active real estate market continued as June became the busiest home closing month of the year.  Here are a few key aways:  Closed home sales moved 5% ahead of last years pace:  At the halfway point of 2021, home closings moved […]
Market Trends Walla Walla Real Estate Update – May 2021 Housing Trends for the Walla Walla Valley   Low inventory and rising interest rates have yet to dampen buyer’s enthusiasm for homes in the Walla Walla Valley.  Here are several key takeaways: Sales moved ahead of last year’s pace:  The strong seller’s market continued as there were more buyers than there were sellers in pretty […]
Market Trends Walla Walla Real Estate Update – April 2021 Housing Trends for the Walla Walla Valley   The Walla Walla Valley’s median sales price hit a new high while housing inventory hit a new low. Here are several takeaways from April:  Home closings increased:  The active seller market continued through April. Monthly home closings experience a year-over-year increase of 35% from last April, when […]
Market Trends Q1 2021 Eastern Washington Real Estate Market Update The following analysis of the Eastern Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate Agent.   […]