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december18 market stats

First, let’s talk about prices. Look at the change in the median sales price between October and November! Overall, for the six cities we look at in this market snapshot, the median sold price increased by more than $12,000.

Second, let’s talk about inventory. For the fifth December in a row, the number of available listings is under 1,000 units. From January 2004 through November 2014, there were always at least 1,000 homes on the market. The exceptions to that happened in late 2009/early 2010 and late 2010/early 2011 — but even with those dips, spring brought an increase in inventory back to “normal” levels in both 2010 and 2011. The law of supply and demand is doing its job here, and prices are increasing as supply levels remain low.

As always, you can call/text anyone on our team for help deciphering all the housing stats here in the Tri-Cities.

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Cari McGee

Hi, I'm Cari McGee. 👋 I've lived in the Tri-Cities since 1994 and I've been a licensed Realtor® since 2004. That's a lot of local knowledge and real estate experience that I put into every article you read on my website! We've helped more than 560 families buy or sell property in the Tri-Cities. In 2023, our community voted us the bronze winner for Best Real Estate Team in the Tri-Cities Best voting. Learn more about me by clicking the link right above. And if you have any questions, get in touch anytime!

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