The strong seller’s market continues! I really wish I had something new and different to share, but no such luck. Inventory continues to decline and home prices are about as high as they’ve ever been. Let’s take a closer look…. Inventory When we did our market snapshot last week, there were only 163 active listings […]
Every month we think the Tri-Cities housing market can’t get any more unbalanced, and every month it does. This month, I have several all-time records to report: 1.) Lowest inventory across the Tri-Cities: The 201 active listings that we saw this week are the lowest going all the way back to the early 1990s, which […]
The number of homes for sale in the Tri-Cities is reaching historic lows. When we did our market snapshot on Friday, there were only 269 active listings. That’s the lowest in the three years we’ve been tracking. And if you look at the Tri-Cities Assn. of Realtors’ website, even back in the early 1990s we […]
Did you catch our Tri-Cities housing market update this month? If so, you read about the continuing inventory crunch. When we did our snapshot last week, there were only 324 homes on the market in Kennewick, Pasco, Richland, West Richland, Benton City, and Burbank. That’s 42% lower than the number of homes available one year […]
The squeeze continues for Tri-Cities home buyers. Inventory is down again, while home prices hit an all-time high in January. The median price of a Tri-Cities home hit $341,990 last month, a gain of a little more than $5K from December. That breaks the record of $340,000 set back in September. A year ago, the […]
What a year 2020 was for our local real estate market! We entered the year in a strong seller’s market. As I wrote a year ago, buyer activity was up, home prices were up, but inventory was down. A couple months later, the pandemic hit and we had to drastically change how we help buyers […]
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