Wow – check it out…inventory is down significantly than in years past. Closed sales are lower, too, so there’s no problem. Right now.
With the stimulus money pouring in to the Tri-Cities, guess what that means? More jobs, more people moving here, and more people getting better-paying jobs and wanting a larger house.
That correlates into higher demand for housing, and when you have a dwindling supply coupled with an increased demand, you get a seller’s market.
For many reasons, we don’t want that to happen – sure, sellers would be happy, but not if they’re buying a bigger house after they unload their first place!
Download the full Tri-City Real Estate stats for February, 2009. (608k PDF)