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Something strange happened this month in the Tri-Cities housing market: The number of homes available for sale went up for the second straight month. You might ask, “What’s so strange about that, Cari?” Well, we haven’t seen inventory go up for two consecutive months since September and October… …of 2019. It’s true! September/October of 2019 […]
It’s nice to see so much green on our monthly Tri-Cities housing market graphic, isn’t it? But this month’s update is actually a mixed bag of good and bad depending on whether you’re a buyer or seller. Let’s dive in! Tri-Cities Housing Inventory Here’s some good news to begin with: After seven straight months of […]
Supply and demand isn’t the only reason that Tri-Cities home prices — and home prices all across the country — are on the rise. The cost of lumber is a huge factor, too. The National Association of Homebuilders recently reported that lumber prices have tripled in the past year, and now account for an extra […]
The strong seller’s market continues! I really wish I had something new and different to share, but no such luck. Inventory continues to decline and home prices are about as high as they’ve ever been. Let’s take a closer look…. Inventory When we did our market snapshot last week, there were only 163 active listings […]
Every month we think the Tri-Cities housing market can’t get any more unbalanced, and every month it does. This month, I have several all-time records to report: 1.) Lowest inventory across the Tri-Cities: The 201 active listings that we saw this week are the lowest going all the way back to the early 1990s, which […]
The number of homes for sale in the Tri-Cities is reaching historic lows. When we did our market snapshot on Friday, there were only 269 active listings. That’s the lowest in the three years we’ve been tracking. And if you look at the Tri-Cities Assn. of Realtors’ website, even back in the early 1990s we […]