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411 Active Listings … Why NOW is a Good Time to Sell Your Tri-Cities Home

By in Sellers with 0 Comments

We’ve shared lots of data about what a strong sellers’ market we have right now in the Tri-Cities, but maybe this new chart will convince anyone who’s still not sure if this is a good time to sell.

Every month, the Tri-City Association of REALTORS® provides members with an update on market conditions. That includes a snapshot of how many homes are “active” — i.e., on the market — on the day that the data is gathered. It’s not a cumulative number for the whole month, but a one-day peek into current inventory.

The highest inventory in 2018 happened in September when there were 685 active listings. It’s been declining every month since then, and there were only 411 available homes in March!

As best I can tell from browsing through the Association’s historical data, that’s the third-lowest inventory we’ve had in the Tri-Cities in the past 25+ years. In February and March of 2017, we had 386 and 392 active listings, respectively. Before, you have to go back to May, 1993, for the last time there were fewer than 400 active listings.

For the sake of comparison, if you go back five years, there were 1,084 active listings in March, 2014.

What It Means

If you’re thinking about selling, now is a great time to do so! Buyer demand is high. Competition is low. A well-prepared, smartly-priced home will probably sell pretty quickly.

If you’re curious about your home’s current value, get in touch below — we’ll provide a free, personalized report just for you, and there’s no obligation for you to sell, or to hire us if you do.

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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them, which is exactly what I did when I formed the Cari McGee Real Estate Team in 2018! We have administrative and marketing personnel, as well as additional agents to serve you. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016, became Secretary/Treasurer of the organization, and was elected to Vice President in 2019. Want to talk about real estate? Click here to schedule a meeting with me!

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