Market Trends

Market Trends

Walla Walla Real Estate Update – September 2017

September’s closed home sales slowed in the Walla Walla Valley. At month’s end, closings were 12% below last years pace. As we have reported, the slowdown in existing sales has been the result of a supply problem not diminished demand. Listing inventory, especially for homes below $400,000, remained low. September ended with 13% fewer homes […]
Market Trends

Walla Walla Real Estate Update – August 2017

August tied June for the highest number of monthly closings this year in the Walla Walla Valley. Yet, home sale still lagged 9% behind last years pace. Lawrence Yun, NAR chief economist reports that feedback from Realtors continues to confirm that the slowdown in existing sales is the result of a supply problem and […]
Market Trends

Walla Walla Real Estate Update – July 2017

Monthly home sales slowed in the Walla Walla Valley, yet July became the 3rd busiest closing month of the year. Through the first 7 months of the year, Walla Walla’s home sales were 10% behind last years pace. Strong buyer demand has been hampered this year by a low supply of listings. The month ended […]
Market Trends

Walla Walla Real Estate Update – June 2017

June’s home sales surpassed May’s total to become the biggest closing month of the year. Home sales have been very healthy this year but have slowed a bit. At the halfway point of 2017, Walla Walla’s homes sales are 9% below last year’s record setting pace. The slowdown has been caused primarily by low listing […]

Market Trends Walla Walla Real Estate Update – September 2017 September’s closed home sales slowed in the Walla Walla Valley. At month’s end, closings were 12% below last years pace. As we have reported, the slowdown in existing sales has been the result of a supply problem not diminished demand. Listing inventory, especially for homes below $400,000, remained low. September ended with 13% fewer homes […]

Market Trends Walla Walla Real Estate Update – August 2017 August tied June for the highest number of monthly closings this year in the Walla Walla Valley. Yet, home sale still lagged 9% behind last years pace. Lawrence Yun, NAR chief economist reports that feedback from Realtors continues to confirm that the slowdown in existing sales is the result of a supply problem and […]

Market Trends Walla Walla Real Estate Update – July 2017 Monthly home sales slowed in the Walla Walla Valley, yet July became the 3rd busiest closing month of the year. Through the first 7 months of the year, Walla Walla’s home sales were 10% behind last years pace. Strong buyer demand has been hampered this year by a low supply of listings. The month ended […]

Market Trends Walla Walla Real Estate Update – June 2017 June’s home sales surpassed May’s total to become the biggest closing month of the year. Home sales have been very healthy this year but have slowed a bit. At the halfway point of 2017, Walla Walla’s homes sales are 9% below last year’s record setting pace. The slowdown has been caused primarily by low listing […]

Market Trends Walla Walla Real Estate Update – May 2017 More homes sold in May than any previous month this year in Walla Walla. Yet, through the first five months of the year, sales were still 8% behind last years record setting pace. The slow down was largely due to the low inventory levels Walla Walla has experienced through the first part of the year. […]

Market Trends Walla Walla Real Estate Update – April 2017 Walla Walla’s listing inventory remained low through April. The month ended with 30% fewer listings than were available at the same time a year ago. Typically, listing inventory begins to build during the month of April, but the number of homes for sale has remained flat since the year began. New listings have occurred, however homes […]

Market Trends Walla Walla Real Estate Update – March 2017 March’s home sales rebounded from the previous month in Walla Walla. However, first quarter closings were down 14% from the first quarter of last year. The year-over-year decline in home sales can be largely attributed to low inventory levels. Through the first quarter of the year, Walla Walla has experienced 21% fewer listings than were […]

Market Trends Walla Walla Real Estate Update – February 2017 February’s home sales dropped in Walla Walla amid harsh winter weather and a declining housing inventory. Year-to-date closings were 12% below last year’s pace during the same period a year ago. Buyers also faced higher home prices and mortgage rates, yet, they stayed surprisingly active. New contract activity for homes not yet closed increased by approximately […]

Market Trends Walla Walla Real Estate Update – January 2017 During the first month of 2017, Walla Walla homes sales increased while the number of homes listed for sale continued to drop. While listing inventory is typically low at the beginning of each year, it is particularly low this January. Most seller’s typically wait for spring to list their homes, but those who decide […]

Market Trends Walla Walla Real Estate – 2016 Year End Report 2016 was the most active year ever for real estate sales in the Walla Walla Valley. Here are the highlights: 1. Annual MLS home sales passed the 800 mark in the Walla Walla Valley for the first time. Low interest rates kept buyers active throughout the year in Walla Walla. The Walla Walla MLS […]

Market Trends Walla Walla Real Estate Update – November 2016 November home sales in the Walla Walla Valley brought the annual total to within 15 sales of the record of 759 sales reached in 2005. With one month left to report, Walla Walla is certain to pass that milestone and become the most active year yet for real estate. At the current rate of […]

Market Trends Walla Walla Real Estate Update – October 2016 Low interest rates and slightly higher inventory levels are keeping buyers active in the Walla Walla Valley this fall. Through October, closed sales remained 11% ahead of last year’s pace and pending sales increased by 6%. The number of homes listed for sale in October increased by 1.5% over the previous month. At the current […]

Market Trends Walla Walla Real Estate Update – September 2016 September was the biggest home sale month of the year in the Walla Walla Valley. 94 homes closed making it the most active home sale month in Walla Walla MLS’s history. With one quarter left, annual home sales were 9% ahead of last years pace. In the midst of all those closings, there were signs […]

Market Trends Walla Walla Real Estate Update – August 2016 August’s homes sales topped 80 sales making it the third consecutive month to hit that mark. Though the first 8 months of the year, sales were 6% ahead of last year’s pace during the same period. Buyer’s continued to enjoy low interest rates and pending sales – homes under contract but not yet sold – […]

Market Trends Walla Walla Real Estate Update – July 2016 Home sales kept up their robust pace in July and pending sales – homes under contract but not yet closed – grew by 6%. Annual home sales are now 7% ahead of last years pace. Walla Walla’s listing inventory grew slightly over the previous month but the trend of year-over-year inventory declines continued. In the […]

Market Trends Walla Walla Real Estate Update – June 2016 June marked the busiest closing month of the year. At the halfway point of 2016, Walla Walla’s home sales remained 5% ahead of last year's pace. June's closing activity led to declines in pending sales and listing inventory. Pending sales – homes under contract but not yet closed – declined by 16% in June and […]

Market Trends Walla Walla Real Estate Update – May 2016 New contract activity and listing inventory grew in May. Pending sales – homes under contract, but not yet closed – increased by 22% over the previous month. The number of closed home sales held steady with the previous month, but declined from the number of closings that occurred in May of 2015. Still, year-to-date sales […]

Market Trends Walla Walla Real Estate Update – April 2016 April home sales rose 7% higher than April’s sales in 2015. Walla Walla’s annual home sales continued to outpace last year by 15%. New contract activity continued to increase as well. Pending sales – homes under contract not yet closed – grew by 27% during the month of April. Seller’s looking to capitalize on the […]

Market Trends Walla Walla Real Estate Update – March 2016 March was the most active month yet this year for home sales in Walla Walla. Total sales for the first quarter ended 6% above last year's pace. Buyers were lured by low interest rates and a modest uptick in inventory levels. In spite of the active closing month, March’s listings increased slightly from the previous […]

Market Trends Walla Walla Real Estate Update – February 2016 February’s homes sales slowed a bit from January’s hot pace, but through the first two months of the year, Walla Walla’s closed sales were still 11% ahead of last year. Buyers remained very active writing new contracts. Pending sales – homes under contract, but not yet closed – grew by 31% over the previous month. […]