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Wenatchee Valley Real Estate Market Update Nov 2018

 

The real estate market has gone through a bit of change over the last couple months…

Wenatchee Real Estate Market Update for November 2018:

Sales Drop 11% compared to 2017!

This is the fourth straight month we have seen sales drop…

Inventory continues to rise…

With a decrease in home sales, homes are staying on the market longer….

This causes inventory to rise….Which is good for buyers!

So are we in a Seller’s Market or a Buyer’s Market?….

Seller’s Market below $550,000..

Buyer’s Market above $550,000…

Average sales price is up 15% since 2017 however…

In the last 4 months prices have remained the same…!

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