Tri-Cities Herald Trumpets – Home Sales Drop 23% Over Last Year

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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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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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