I’ve been attending a lot of conferences recently, and at each one there’s always talk of a market shift occurring. Headlines in national real estate publications are trumpeting a change to a more balanced market, with neither sellers nor buyers having an advantage. Even locally, the fall of 2018 was different than autumns of the […]
Here are some key points from this month’s market snapshot: Active inventory for the Tri-Cities and areas we’re watching dropped for the second straight month, down to just 536 available homes. Every city but Richland had fewer available homes when we checked this week. This could be weather-related; sellers may have chosen to wait for […]
Here are some key points from this month’s market snapshot: Overall inventory is a bit of a rollercoaster these past few months; down, up, and now down again. There were barely 600 active listings when we pulled data on February 5. The overall number of sold homes has dropped three straight months. The January total […]
With the new year comes some new inventory. Listings are up almost 20 percent from last month! Despite that gain, there are still fewer than 1,000 available homes, which has been the case every month since December 2014. Prior to that, we’d had more than 1,000 homes on the market almost every month since 2003! […]
First, let’s talk about prices. Look at the change in the median sales price between October and November! Overall, for the six cities we look at in this market snapshot, the median sold price increased by more than $12,000. Second, let’s talk about inventory. For the fifth December in a row, the number of available […]
The market continues to shift. As we reported last month in the October Tri-Cities real estate market update, the number of active listings is rising — that’s continuing now with our November update. We’ve changed the data that we collect and share each month, so there’s no month-to-month comparison … so you’ll have to trust […]
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