Here is a quick overview of the November 2018 Wasco County real estate market. Home inventory remains low as there were only 2.9 months of inventory at the end of November 2018. This was not unusual as Wasco County home inventory has been under 3 months for 8 of the eleven months in 2018. A normal market generally has 6 months of home inventory.
Due to the low inventory, the average* and median* sales prices have increased 15.6% and 14% respectively, over the prior year. Wasco County has seen increasing prices and lower days on market during 2018, due to the low housing inventory of single-family homes.
If you would like to look at the market for your specific home, please email me or call me at (541) 402-1219 or (509) 540-1309.
*Note - The average and median sales prices are calculated on a rolling 12-month basis. This smooths out the monthly variability and provides a truer trending result for the time period being reviewed.