On Friday, the NAR reported a national decrease of 0.7% in month-over-month sales. However, the Chelan/Douglas market continues to exceed expectations, with single-family home sales showing a robust increase of 18% by unit volume and 8.5% by dollar volume. The number of cash and financed transactions also rose compared to last month, particularly notable is the increase in financed transactions spanning $250K to $750K, along with 11 homes purchased for over $1MM in cash.
In addition, the NAR reported a 2.85% decline in year-over-year sales nationwide. However, the Chelan/Douglas market diverges significantly, with year-over-year sales increasing by 1.5% in units and 9% in dollar volume. Cash transactions lead the charge, rising by 69% in dollar volume.
