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Kennewick, WA
After a spike in activity that we reported in last month’s update, the housing market settled in this month. Inventory went up a bit, while the number of homes sold dropped a bit. And Tri-Cities home prices are still pretty flat, but continued a see-saw trend that’s going on four months now. Ready to dive […]
Things you can count on every Spring in the Tri-Cities: warmer temperatures, windy days, the start of minor league baseball, and a big jump in real estate activity! We had 274 homes sell in March, a 43% jump from February. It’s also the most homes we’ve sold in any month since last October. As you […]
Despite what the national headlines might be telling you about today’s housing market, here in the Tri-Cities things are doing just fine. Based on our numbers these past couple months, we’re not seeing sellers sitting on the sidelines. Buyers seem to be coming back to the market, too. Overall, our housing inventory (the number of […]
It’s no surprise that January was a pretty slow month in the Tri-Cities real estate market. Only 175 homes closed last month, which is the lowest we’ve seen since we began tracking the market in 2018. Based on a quick look at the Tri-Cities Assn. of Realtors stats, the last time we only sold 175 […]
It’s always fun to put together the January market report every year, because this is the report that sets the tone for the next 12 months. It’s the one we’ll often use to compare future reports. Unfortunately, it’s also a report that happens during real estate’s typically slowest time of year. And this month’s update […]
The Tri-Cities housing market continues to shift closer to what we consider a balanced market. When we did our snapshot last week, there were 708 homes for sale (AKA “inventory”). Combine that with the 220 homes that sold last month, and that gives us 3.2 months of inventory right now. We generally consider a market […]