Just a call or text away!
Kennewick, WA
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 […]
It’s nice when our monthly market graphic has some symmetry to it, and this month’s sure does! The top line, showing active listings, is almost all green — showing consistent increases in homes for sale. And the second line, showing homes sold last month, is almost all red. (Burbank is just messing with us this […]
It’s way too soon to use the word “normal” to describe the Tri-Cities housing market, but we’re still taking small steps in that direction. In real estate, we say that a “balanced” market is when there are 4-6 months of inventory on the market. In other words, when the number of homes for sale is […]
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 […]