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
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