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Our Tri-Cities housing market updates are unlike any you’ll find from another source. Every month, we track ONLY the sales and listing activity in Kennewick, Pasco, Richland, West Richland, Benton City, and Burbank.
Other sources get their data from our local Realtors® Assn., which includes sales and listings in Basin City, Connell, Eltopia, Kahlotus, Mesa, Paterson, Plymouth, and Wallula. No disrespect intended, but we don’t think what’s happening in those towns has any impact on our Tri-Cities real estate market.
All of which is to say…if you’re looking for LOCAL Tri-Cities housing market information, you’ve found it.
By Cari McGee
It sure looks like the spring market is doing its thing: Let’s dive right into this month’s Tri-Cities real estate market update! Active Listings in the Tri-Cities After five consecutive months of declining inventory, active listings (aka,…
By Cari McGee
It looks like the spring market has arrived a little earlier than normal. All three of the Tri-Cities saw big increases in homes sold — look at the green on that second section. It’s not just a…
By Cari McGee
You might be concerned or maybe alarmed by the amount of red on this month’s market update graphic, but that combination of red and green is common for this time of year. Sales activity was way down…
By Cari McGee
After a one-year drop in 2023, the number of million-dollar home sales in the Tri-Cities set a new record in 2024. Last year, 61 homes sold in what we consider the “luxury” level — $1,000,000 or more.…
By Cari McGee
The dust has settled on 2024 and we’re finally able to look back at what happened in the local real estate market. There are a couple different ways you can look at annual home prices and compare…
By Cari McGee
It’s always interesting to put together a January market update. This month’s numbers serve as a kind of benchmark or barometer that we’ll use for comparison all year long. As is usual at this time of year,…
By Cari McGee
When you combine an election and the start of the holidays, you can’t be surprised to see a slow month in Tri-Cities real estate. If not for the price of homes in Richland going up last month,…
By Cari McGee
Every so often, we’ll have a month where the Tri-Cities housing market looks almost exactly like it did the previous month. That’s the case with our November 2024 update! As you can see above in the yellow…
By Cari McGee
Death, taxes, and the Tri-Cities real estate market starting to slow down in October…three things you can count on! The start of a new school year means a lot of people are no longer looking to move.…
By Cari McGee
There’s an argument to be made that right now is the most buyer-friendly the Tri-Cities market has been in years. Here’s why: Buyers have more homes to choose from today than in ~10 years, prices are steady,…