Seller’s Market in the Tri-Cities?

By in Buyers with 0 Comments

Yes and no…I took at look at the absorption rate over the last 3 months, for houses only in the $175,000 to $195,000 range, across the four main cities.  Our exisiting inventory will last only 2.6 months at the current rate! The breakdown is as follows…0-4 months is a seller’s market, 5-6 months is average, 7+ months of inventory is a buyer’s market. Admittedly, it’s a very small section of the MLS, so I can’t make a major leap and declare a seller’s market, market-wide.  But if you’re putting in an offer on an average-priced home here in the Tri-Cities, don’t bother making it for a ton less.  It’s highly unlikely you’ll get it for that price!

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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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