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Tri-Cities Real Estate Market: October 2008 Stats

By in Tri-Cities Housing Market with 1 Comment

One of my favorite agents here, who is prone to hyperbole and an occasional negative remark or two, would call October a “train wreck of a month”. But it really wasn’t pretty so I get that, actually.

There were 155 sales in October of 2008 in the Tri-Cities market. We have to go back to 2003 to find another non-winter month with those few sales.

Can we blame it on the election? Not really, there was a slight uptick in October of ’04 during the last election cycle.

Can we blame it on the inventory? Not really, there are still plenty of homes available (1333 in October).

Can we blame it on the general economic climate? Probably – the stock market seemed to be frantically searching for bottom last month. Word of mouth held that there was no money to lend – even with a perfect credit score and a job you’d be looking at a big, fat “NO” from your lender. The last sentence just isn’t true. No matter what your neighbor tells you, there is still money to be had. Your dreams of home ownership, especially here in the Tri-Cities, can be made a reality. AND, the really good news is that our average sales price is just slightly lower, so you might get into that house for a bit less than you would have this time last year.

Tri-Cities real estate stats

Download the full Tri-City Real Estate stats for October, 2008. (646k PDF)

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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. […] co-author may want to add something in the comments here … but it’s no secret that the Tri-Cities real estate market has slowed down in recent months. Luckily, we never had the huge run up that other areas have had, […]

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