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But it’s not really that scary. We had a fantastic year last year, so this year is ‘just normal’ comparatively.

The important figure to consider is the supply of homes on the market.  If there are more than 7 months worth of homes on the market (it would take 7 months to sell out the current inventory if no new listings came on the market), it’s considered a buyer’s market.  4-6 months supply indicates a buyer’s market.  Less than three months of inventory means it’s a seller’s market.  We’re balanced right now, and that’s good for both buyers and sellers.

Read the whole article here.

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Cari McGee

Hi, I'm Cari McGee. 👋 I've lived in the Tri-Cities since 1994 and I've been a licensed Realtor® since 2004. That's a lot of local knowledge and real estate experience that I put into every article you read on my website! We've helped more than 560 families buy or sell property in the Tri-Cities. In 2023, our community voted us the bronze winner for Best Real Estate Team in the Tri-Cities Best voting. Learn more about me by clicking the link right above. And if you have any questions, get in touch anytime!

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