Some stats

Posted on Jun 7, 2007 by in Tri-Cities Market

Nothing major.  There are 218 fewer listings in the first five months of this year, as compared to last year. 61 fewer solds. 22 more under contracts (May brought us that small jump).  Average sales price increased $5,720 between last year and this (about 3.5% appreciation…nice, steady and excellent!).  What does it all mean, you ask?  Fewer listings mean the ones out there are in higher demand…so a seller’s market.  BUT, fewer sales as well indicates the buyers have the control.  Let me check into days on the market and see if that changes anything…nope, 118 DOM, and it’s been hovering there for the entire 3.5 years I’ve been in the business.  Hmmmm…

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