Wenatchee Valley’s Real Estate Market Continues to Slow Down in Recent Report

Wenatchee Valley’s real estate market continues to stall according to a recent report.

The Wenatchee Valley real estate market report includes listings in Wenatchee, Malaga, East Wenatchee, Orondo, and Rock Island.

The real estate report for March shows a decrease in sales and prices, along with an increase in active listings.

Between 2022 to 2023, yearly closed sales decreased 8%. The median sales price of a home decreased 6%, from $466,450 to $439,500.

The average sales price also decreased 14%, from $561,598 to $480,673, and new listings decreased 7%, from 203 listings down to 188 listings.

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Active listings jumped from  44 listings to 119 listings, an increase of 170%. 

Since February, active listings increased approximately 4% and total sales dropped 14%, going from 70 sales to 60 sales the following month.

The majority of homes were sold between the $500k-600k price range, averaging approximately 19 homes per month.

Condos had the highest percentage of vacancies at 4.8%.