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Kennewick, WA
Last month, for the first time in Tri-Cities history, all three cities plus West Richland had median home prices of $300K or more. I’m referring to each individual city passing the $300K mark — that’s never happened before. The Tri-Cities as a whole first hit the collective $300K median price milestone just over a year […]
In mid-June, readers of our monthly newsletter saw a chart that suggested housing sales were in for a big rebound. That was quite an understatement! As you can see above, home sales across the area jumped 35% from May to June. That’s the most homes sold in a single month this year, and the most […]
There are signs that the Tri-Cities housing market is stabilizing as we reach three months since Governor Inslee announced his “Stay Home, Stay Healthy” quarantine plan. As you know, aside from a few days at the beginning of that plan, real estate was allowed to continue as long as we followed strict health guidelines. As […]
Here’s the TL;DR version of this month’s market update: Active listings down, but just a bit. Median home prices down, but not an unusual amount. Sold homes is where we’re seeing the biggest impact from COVID-19 and the state going under quarantine. Longer version? Read on! We’ve pulled our monthly numbers for the Tri-Cities and […]
It’s one of the most important questions we hear, and both buyers and sellers are wondering: Will the ongoing coronavirus pandemic cause home prices to decline? If you need to buy a home right now, a price drop would be welcome news — especially after so many years of Tri-Cities home prices going up. Even […]
If you clicked through expecting to see a bunch of red numbers because you were sure that the coronavirus pandemic was wreaking havoc on the Tri-Cities housing market … that’s not the case. At least not yet. Despite the state going into “stay home” mode for the final 1/3rd of March, our local housing market […]