INTRODUCTION
Here are the results of May in the Columbia Basin Region.
MILTON-FREEWATER, OR May 2020 is a Neutral market! The number of for sale listings was up 2.5% from one year earlier and up 10.8% from the previous month. The number of sold listings decreased 10% year over year and decreased 50% month over month. The number of under contract listings was up 55.6% compared to previous month and down 12.5% compared to previous year. The Months of Inventory based on Closed Sales is 4.6, up 15% from the previous year. The Average Sold Price per Square Footage was up 1.7% compared to previous month and up 17.1% compared to last year. The Median Sold Price decreased by 10.4% from last month. The Average Sold Price also increased by 23.9% from last month. Based on the 6-month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Depreciating”. The Average Days on Market showed a downward trend, a decrease of 65.8% compared to previous year. The ratio of Sold Price vs. Original List Price is 96%, an increase of 3.2% compared to previous year. HERMISTON, OR May 2020 is a Neutral market! The number of for sale listings was up 6.7% from one year earlier and up 5.6% from the previous month. The number of sold listings decreased 31% year over year and decreased 29.3% month over month. The number of under contract listings was down 2.7% compared to previous month and down 26.5% compared to previous year. The Months of Inventory based on Closed Sales is 3.3, up 56.6% from the previous year. The Average Sold Price per Square Footage was down 1.3% compared to previous month and up 19.4% compared to last year. The Median Sold Price decreased by 12.2% from last month. The Average Sold Price also decreased by 18.9% from last month. Based on the 6-month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Depreciating”. The Average Days on Market showed a downward trend, a decrease of 25.6% compared to previous year. The ratio of Sold Price vs. Original List Price is 99%, an increase of 1% compared to previous year. WALLA WALLA, WA May 2020 is a Seller’s market! The number of for sale listings was down 32.4% from one year earlier and down 3.8% from the previous month. The number of sold listings decreased 19.7% year over year and increased 23.9% month over month. The number of under contract listings was up 84.9% compared to previous month and up 24.1% compared to previous year. The Months of Inventory based on Closed Sales is 2.2, down 15.4% from the previous year. The Average Sold Price per Square Footage was up 4.9% compared to previous month and up 4.9% compared to last year. The Median Sold Price decreased by 7.1% from last month. The Average Sold Price also increased by 0.7% from last month. Based on the 6-month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”. The Average Days on Market showed a downward trend, a decrease of 39.3% compared to previous year. The ratio of Sold Price vs. Original List Price is 97%, an increase of 2.1% compared to previous year.
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