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Kennewick, WA
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 […]
There’s a lot of green on the graphic above, but the green that matters most is in the third section down: Median Sales Price. We reached a new record last month with a $340,000 median sales price across the Tri-Cities area. The previous high came two months ago when we had a median price of […]
We can’t say this is a surprise: After setting a new record for homes sold last month, this month the inventory crunch got even worse! New homes just aren’t hitting the market as fast as homes are selling. When we put this housing market update together on Monday, there were only 473 homes available across […]
Whether you’re a potential buyer or seller in today’s Tri-Cities housing market, there are perks that are rarely available and certainly worth considering as you decide if it’s the right time to buy or sell. Seller’s Perk You’ve heard me talk about this in the monthly Tri-Cities housing market update: We don’t have enough homes […]