Upper Valley Real Estate on a Downward Trend

Upper Valley real estate markets are seeing declining housing prices in Cashmere and Leavenworth according to a recent report.

This report compares real estate trends in the month of March in 2022 and 2023.

For the Cashmere market, the number of closed sales decreased 62%, from 13 sales to 5 sales.

The median sales price decreased 10%, from $535,000 to $482,000, while the average sales price went down 16%, dropping from $598,846 to $504,980.

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 The number of listings increased 50%, from 8 to 12 listings, but the average number of days on the market got shorter by 37%, from 115 to 72 days.

Most of the homes sold were between the $401k-500k price range.

For the Leavenworth market, closed sales decreased 32%, from 22 to 15 sales.

The median sales price dropped 16%, from $637,500 to $532,500, and the average sales price decreased 19%, from $796,895 to $642,880.

Listings decreased 24%, from 29 to 22 listings. These listings also tended to stay longer on the market, with the average number of days on the market increasing by 61%, from 92 days to 148 days.

The highest number of homes sold were tied between the $501k-600k price range and the $701k-800k price range.