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Kennewick, WA
When we ran the numbers for our September housing market update earlier this month*, it was pretty surprising to see how many current listings had their price lowered: 233 of the 615 available homes had seen a price reduction, which is about 38%. I don’t know for sure what “normal” is for the Tri-Cities, but […]
One month after setting a new record, Tri-Cities home prices took a step back last month. Meanwhile, the inventory of homes for sale dropped by just a bit, but we continue to have more than double the available homes now than we had a year ago. Let’s take a closer look at this month’s housing […]
If you hear a loud, collective sigh of relief one of these days, it’ll probably come from the veteran Tri-Cities real estate agents who — like me! — are very happy to see how our housing market has changed in just the past few months. Our inventory of available homes continues to rise very quickly, […]
It’s been two years since we’ve had as many homes for sale as we have right now. Homes are getting fewer showings and spending longer on the market before they’re bought. Price reductions are more common than they’ve been in a looooong time. The Tri-Cities real estate market is definitely changing. Let’s dive into this […]
We’ve had a few conversations recently with out-of-towners who are thinking about moving to the Tri-Cities, and they’re wondering what’s happening with our home prices and housing market, in general. It’s been nice to share some pretty good news: Home prices are holding steady and inventory continues to rise. To clarify: It’s still a strong […]
It’s good to see this month’s market data reflecting what I’m seeing out on the streets. I was telling a buyer recently that multiple offer situations are still very common, but we’re starting to see fewer offers. Why is that happening? For a couple reasons, probably: Rising interest rates are likely keeping some buyers on […]