May/June Statistics

May 2008 Statistics
May 2008 Charts
June 2008 Statistics
June 2008 Charts
(needs rotating- sorry)

Highlights:

*Number of listings is HIGH
*Number of sales is INCONSISTENT (up for May, down for June)
*Sales price is UP

Analysis:

While the news may say prices are falling, it just isn't happening here in Walla Walla. Both mean and median sale prices made slight increases in both May and June.

Inventory remains very high (actually an all time high). but closings are down in June after a healthy uptick in May.

A quick glance at the pending sales numbers (37 for June) reveals that the numbers are not likely to improve much in July. Look for another month of high inventory, steady prices, and seasonally below average closings.

What does it all mean?

Well, I'm actually going to take something positive away from these two months. Though we're not exactly plowing ahead, the local market continues to appear well insulated against the declines being seen in other parts of the country. For me, that's good enough for now.

If you need to sell be smart and realistic. If you're in a position to buy you're in luck- you've got a lot to choose from.

If you need help with either don't hesitate to get in touch.

Back from Vacation

Just getting back on my feet after a wonderful vacation. Sorry for the delay in getting the stats out there, but it was nice hearing from a few of you. Apparently they were missed!

-Mark