Tri-Cities Real Estate Market Update: December 2018

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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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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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