Unbelievable... According to a recent article in the Wenatchee World we have one of the top five real estate markets in the country (through September).
Our housing market has been very good. Houses selling within a few days of listing and many selling with multiple offers. But overheated? I don't think so. Though a pause to catch our breath might be nice and that is what the fourth quarter is looking like. Inventories are still low and time on market only increasing a week or two at most. Perhaps the biggest soft spot in our market are homes priced over $350,000. Which, if you think about it, in a primarily agricultural community, is pretty normal too.
Next year? Should be pretty decent. My guess is in the 8-12% increase range. Which is terrific for a community that has historically averaged 3-5%.
There are about 420 REALTORS in our organization. In Spring of 2004 the number was about 270. So the slowing may cause a slight shrinking of REALTORS in all probability. But in all houses in Wenatchee and real estate throughout Chelan and Douglas Counties should chalk up another very good year!
