WENATCHEE – The Wenatchee Real Estate home sales for January in the Wenatchee market has shown a decrease of 7-percent compared to January of 2017. In fact, when comparing sales during the last 90 days to the same period last year, there has been a 5% decrease in the number of homes sold.
The good news is that new home listings last month showed an increase of 31-percent when compared to January 2017.
The median sales price for January 2018, which is basically the price point in the middle of all property sales, is up 3-percent over last year at $276,250-dollars. The average home price, which is calculated by taking the sum of the values of all home sales and dividing it by the number of homes sold, is up 16-percent over last year at $321,299-dollars.