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Tri-Cities Real Estate: A Seller’s Market

By in Tri-Cities Housing Market with 0 Comments

I’m glad I waited to do a bunch of stat recaps until now. In the midst of every month, as the Tri-Cities real estate market began to turn, the evidence was there, but it was more difficult to see. Now, from the vantage point of three months in the books (March, April and May since June is not wrapped up yet for my perusal), we can trace the acceleration that the market saw beginning with spring.

For example, March saw 203 Tri-Cities homes sell, with 1076 houses on the market. Have a look:

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April’s home inventory went down, but sales went up.

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And in May, home inventory went to its lowest level in years (it hadn’t been below 1000 since September, 2002!) and sales increased again.

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“Great, Cari, what does this all mean??”

Simply this – it’s a seller’s market in the Tri-Cities. When supply decreases and demand increases, we see one of the most fundamental economic laws take effect – prices rise. If you have something other people want, a buyer will pay for the privilege of obtaining what you own.

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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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