The first 5 months of real estate in the Wenatchee, WA area

By
Real Estate Agent with Coldwell Banker Cascade Real Estate

The market for May continued strong with average time on the market declining, the absorption rate declining and prices moving up! A couple numbers are not much changed but that is more of an inventory thing than a change in overall market. How sustainable?? Only time will tell but a valid concern. For your own reference here are the newest stats

Wenatchee Area Real Estate Market Analysis

As of 5/31/2015

 

May 2015                             May 2014                             April 2015                             2015 YTD              2014YTD

    SOLD

126                                         125                                         130                                         510                         468

    PENDING

195                                         131                                         179                                         727                         567

 

   ACTIVE

 501                                        615                                         459                                         1411                      1418

 

   NEW

257                                         215                                         237                                         980                         878

 

ABSORPTION RATE

4.47                                        5.61                                                                                        4.1                        5.05

 

Median List Price

$299K                                    $249K                                                                                    $259.9K            $234.9K

 

Median Sales Price

$252.5K                                 $214.9K                                                                                 $235K                  $212K

 

MEDIAN DAYS ON MARKET

65                                                    77                                                                                                                    84                           99                           

 

Posted by

Perrin Cornell, Broker, ABR

Century 21 Esclusively

135 N. Missin

Wenatchee, WA 98801

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