Market Trends

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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 […]
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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 […]
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% […]
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