April 2023 Statistics

We are solidly in the busy real estate season and The Numbers are in for April!

Number of sales per month since March has exceeded the winter months and new listings which are well priced and in good condition continue to sell quickly.

If you’re a Seller, pricing your home well will ensure short days on market and little negotiation with an average list to sale price of 100%.

If you’re a Buyer, the competition is fierce so it’s still important to be pre-qualified with a lender … or cash.

Speaking of cash, of the 37 sales which closed in April, 17 were cash. That is nearly half. This follows the national trend with 50% of homeowners without a mortgage. Of the rest of homeowners with mortgages, about 50% of them have 50% equity in their home. Are you waiting for the market to crash? The equity position held by homeowners and with less than 1% of mortgages being distressed indicate that a housing crash is NOT on the horizon.

As usual, if you want to talk about how these trends affect you and your real estate goals, let us know. We welcome the opportunity to review The Numbers with you.

Melissa Tetz

Alta Homes / Walla Walla

509-301-1371

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