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Tri-Cities Homes for Sale: Inventory is Up, but Still Far From “Normal”

By in Tri-Cities Housing Market with 0 Comments

Tri-Cities homes buyers have finally been able to take a breath. As you saw last week in our latest housing market update, inventory — the number of available homes for sale — has gone up for three straight months. That hasn’t happened since August-October of 2019.

When we did our inventory snapshot on August 5, there were 270 active listings across the six cities we watch: Kennewick, Pasco, Richland, West Richland, Benton City, and Burbank. That put us on a similar level to what we saw back in March of this year. It’s good news for buyers, but we still have a way to go to get to “normal.” Those 270 available homes are a 49% drop from one year ago.

In fact, these three straight months of rising inventory follow seven straight months of declines. Take a look:

Since we hit 483 active listings last October, our inventory dropped every month until we bottomed out with 163 homes for sale in May. (Let’s hope that’s a bottom!)

I like that visual because it shows both how low we got in May, how much inventory has gone up in just three months … but also how far it still has to go up to get where we were even just a year ago.

As always, if you ever have questions about what’s happening in the Tri-Cities real estate scene, or questions about buying/selling or navigating this market, we’re here to help, available whenever you need us.

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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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