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November Tri-City Real Estate Stats

By in Tri-Cities Housing Market with 0 Comments

Things were not good in October 2008.  The recession had just begun, no one knew whom the next US president would be, and local home sales reflected that.  October closed sales were down significantly, and the number of homes that went under contract was dramatically reduced as well.

So, looking at this chart, with October 2010 closed sales matching the low number from October 2008, why am I not wringing my hands with concern?

October-2010-13

Because of this chart –

Look at the number of homes available in October of 2008, and then available in October of 2010 –

In 2008, we sold 17% of the inventory, in 2010, we sold just under 24% of the inventory.  That’s a significant difference which indicates a healthy market.

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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them, which is exactly what I did when I formed the Cari McGee Real Estate Team in 2018! We have administrative and marketing personnel, as well as additional agents to serve you. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016, became Secretary/Treasurer of the organization, and was elected to Vice President in 2019. Want to talk about real estate? Click here to schedule a meeting with me!

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