August 2009 Statistics

August 2009 Statistics
August 2009 Charts

Highlights:

*Number of listings is HIGH
*Number of sales is STEADY
*Sales price is STEADY/SLIGHT DECLINE

Analysis:

August was another strong summer month for real estate in the Walla Walla Valley. Our 57 closings (same as July) is one our strongest months in the last two years.

The trend line for sales price has decreased marginally (barely) but is still relatively steady when you flatten out the month-to-month fluctuations.

Inventory remains very high.

Outlook:

While this isn't the glory days of 2002-2007 it's not a bad time to buy or sell a home. In fact, if you're buying, it's a great time to be in the market. With plenty of homes to choose from, low interest rates and special incentives (ie- first time homebuyer tax credit) it's not hard to argue that it really is a great time to be looking for a new home.

For sellers it's all about realistic expectations and patience. Your house will sell if it's properly priced and properly marketed, you just might have to be patient.

If you're looking to either buy or sell and I can be of some assistance please don't hesitate to get in contact.