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Tri-Cities Housing Stats through May, 2010

By in Tri-Cities Housing Market with 1 Comment

This month I’m going to focus on a graph that is frankly, frightening, unless you understand some of the whys and wherefores that surround it.

Aaaaaaahh! See? Scary! The 2010 line takes a sharp turn and plummets down in the month of May. If you just glance at it, it appears as if the market has taken a heretofore ungraphed tumble. Even September into October and November of ’09, which saw a decline, did not turn at a right angle like May of 2010 did.

So why is this not as alarming a situation as it appears? Because we are coming off of a banner January through April. Sales were at, on average, 146% of the same month the year before. And, just like we don’t trumpet a significant increase in one month’s sales as a sign that All Is Good And Bright On The Horizon, neither is an decrease of 47% over the same month from last year a sign of the Apocalypse.

Related: Real Estate Tax Credit: Its Effect on the Tri-Cities 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!

1 Comment

  1. […] You’ll see a marked uptick for real estate business that month.  Remember, May showed a precipitous decline in homes under contract, because the tax credit expired April 30th.  June CLOSINGS were phenomenal because until Congress […]

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