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 […]
The inventory crunch continues. Not only continues, but it’s also getting worse. Still! We’re down to 346 homes available when we did our market snapshot last week. That’s the 4th time in the past 5 months that we’ve set a new low for inventory across the six cities we watch. For the sake of comparison, […]
I know this is starting to sound like a broken record, but here we go again: For the third time in the past four months, we’re seeing record low home inventory across the six cities we watch each month. This month’s snapshot found only 386 homes for sale in the Tri-Cities! The previous low was […]
Since we’re in the time of year when real estate activity usually slows down, and since we already had serious inventory challenges, this shouldn’t come as a surprise: Current Tri-Cities housing inventory is lower than it’s been in the two years we’ve been tracking it. (Note: The Tri-Cities Assn. of Realtors measures housing activity beyond […]
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